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Acme Anvils has a newly patented anvil that is ready for the market. While there are plenty of other anvil producers, Acme's anvils are unique.

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Acme Anvils has a newly patented anvil that is ready for the market. While there are plenty of other anvil producers, Acme's anvils are unique. Past models have been featured in a number of animated short films over the years. The weekly demand and cost information for Acme Anvilis are described in the graph below. Acme Anvils a. To maximize its profits, Acme should produce and charge a price of per anvil. b. At its profit-maximizing level, Acme's weekly profits are per week. c. Even though Acme has a patent on its particular type of anvil, there are many other potential anvil makers out there. Which of the following is most likely to happen in the long run? Other firms will look for other innovations to try to capture some of Acme's profits. Other firms will simply take Acme's price as being the matket price and sell as many anvils as they can at that price. Other firms will copy Acme's amvils exactly and hope they do not get cought for violating Acme's patent. Other firms will leave the market because of Acme's patent

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