Good evening,

Please review what I have so far and please assist on questions 3 and 4 I am stuck.

1.Draw a graph illustrating a competitive market for hamburgers where 10 identical firms all sell 100 burgers, and where the price of a hamburger is $4.00

A perfectly competitive market is characterized by the presence of a large number of buyers, and seller in the market. The sellers sell homogeneous goods, where the sellers earn normal profits, or zero economic profits. In the case, we are given that in a market for hamburgers, there are 10 identical firms, that sell 100 hamburgers each.

\fPerfectly competitive Market for hamburgers Ss (Supply curve of hamburgers) Price Of hamburgers 4 DD (Demand curve of hamburgers) 1000 Quantity Of hamburgers