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'95 L185 L101]. -1: (15 points) A colleague glances over your shoulder at the graph below as you are eating lunch at your desk ipping

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'95 L185 L101]. "-1: (15 points) A colleague glances over your shoulder at the graph below as you are eating lunch at your desk ipping through your notebook. She says: \"Well, obviously, you should produce at Q1 since you maximize prots per unit at that poin .\" Another colleague walks by and says: \"You're wrong. The rm should produce at Q3 since that is the breakeven point.\" You tell them they are both wrong and that Q2 is best. Provide an intuitive explanation to your colleagues, explaining why Q1 and Q3 are wrong, and why Q2 is correct. PERFECT COMPETITION IN THE SHORT RUN MC ATC v: MR Q1 Q2 Q3 Quantity

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