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Davis owns a restaurant that sells soup in a monopolistically competitive market. The graph to the right depicts the demand and marginal revenue for his

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Davis owns a restaurant that sells soup in a monopolistically competitive market. The graph to the right depicts the demand and marginal revenue for his soup. 2.00- Suppose that Davis's restaurant is maximizing profits at 35 bowls of soup (per day). 2.25- 2.00- Assume that restaurants in this market are earning positive economic profits in the short run. 1.75- Use the three-point curve drawing tool to add Davis's average total cost (ATC) curve to the 1.50 graph. Properly label this curve. Price and cost (dollars per bowls of soup) 1.25 - Carefully follow the instructions above, and only draw the required objects. 1.00 8 8 8 MR TD 0 10 20 30 40 50 60 70 80 90 100 Quantity of soup (per day) Selected: A Delete Clear ? none Time Remaining: 02:02:10

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