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fDetermining Price & Quantity . Total Cost - ATC*Q MC . Profit ATC P - TR - TC Profit . Long run Total economic profits

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\fDetermining Price & Quantity . Total Cost - ATC*Q MC . Profit ATC P - TR - TC Profit . Long run Total economic profits Cost Demand MR QConsider the following table representing the market for a new PC game 'Fortnightly'. This game is produced exclusively by a software company called ECF1100 Pty Ltd, thanks to an exclusive copyright having been obtained by lobbying the government minister for industry and development Mr Eco Stuff. 0:29:11\" Price Total cost 0 $200 $0 1000 $190 $50,000 2000 $180 $100,000 3000 $170 $150,000 4000 $160 $200,000 5000 $150 $250,000 6000 $140 $300,000 7000 $130 $350,000 8000 $120 $400,000 9000 $110 $450,000 10000 $100 $500,000 1 1000 $90 $550,000 12000 $80 $600,000 a) Using the table above roughly illustrate what the market demand, m, ATC, and m functions would look like (you must show the XY intercepts of the MR function to get 0.25 marks for the MR function)

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