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Can you help with the questions below? Observe the graph to the right. Based on the information provided with respect to Price {MP'}, Average 1Ill'arialznle

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Can you help with the questions below?

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Observe the graph to the right. Based on the information provided with respect to Price {MP'}, Average 1Ill'arialznle Cost {AVE}, and Marginal Cost {MC}, what assumption would you make if the firm was selling in product at the market price NIP"? Identify each key point on the graph. PRICE II'.1|..I.ill.lllTIT'IIr

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