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All information is provided a) Plot the equilibrium point in the graph below. . Equilibrium 1(1.5,100) 90 ATC 75-MR D MC Price, Cost ($/Q) 45-

All information is provided

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a) Plot the equilibrium point in the graph below. . Equilibrium 1(1.5,100) 90 ATC 75-MR D MC Price, Cost ($/Q) 45- 30- 15- 3 5 Reset Units of Output b) Mark the area for total economic profit in the graph above. c) In the following graph, drag the demand line (D) so that it is consistent with zero economic profits. . Demand 90 LATC 75- 09 D MO Price, Cost ($/Q) 45- 30 MR 154 3 5 6 Reset Units of Output d) Drag the marginal revenue line (MR) so that it is also consistent with zero economic profits. e) Plot the new equilibrium point

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