8. The following graph summarizes the demand and costs for a firm that operates in a perfectly competitive market.

Figure: An Overtime Wage Increases Hours Worked

$48 46 44 42 MC 40 38 ATC 36 34 32 30 28 Df = MR 26 24 AVC 22 20 18 16 14 AFC ONACOON Quantity 0 05 1 15 2 25 3 35 4 45 5 55 6 65 7 75 8 85 9 95 10Player 2 Strategy D E F D -200, 150 350, 100 -50, 600 Player 1 B 200, -300 400, 400 300, 100 C -150, 200 -250, 550 750, -350