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Complete the following table based on the given diagram Q6 Complete the following table based on the given diagram. 10 marks 35 mc Price ATC

Complete the following table based on the given diagram

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Q6 Complete the following table based on the given diagram. 10 marks 35 mc Price ATC cost 27 ($ 24 20 AR 700 800 845 output Profit maximizing output Profit maximizing price ATC at profit maximizing output Describe productive inefficiency Describe allocation inefficiency Dead weight loss area Excess capacity units TR @ profit maximizing output TC @profit maximizing output Monopolist gets

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