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380 361 347 323 304 285 266 247 228 209 Price 190 171 152 133 114 95 76 57 38 19 250 275 300 325

380 361 347 323 304 285 266 247 228 209 Price 190 171 152 133 114 95 76 57 38 19 250 275 300 325 350 375 400 25 50 75 100 125 150 175 200 225 Quantity -P = MR MC *AC Using the graph above, calculate profits at the profit maximizing output level for this competitive firm

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