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homework help required The following diagram shows the structure of cost and demand facing a mmopolislically competitive rm in the short run. Units of output

homework help required
The following diagram shows the structure of cost and demand facing a mmopolislically competitive rm in the short run. Units of output A. Identify the following on the graph and calculate each one. 1 Prot-maximizing output level (1 Mark) E Prot-maximizing piice {1 Mark} 3 Total revenue {1 Mark) 4 Total cost {0.5 Mark) E Total prot or loss (0.5 Mark} B. What is likely to happen in this industry in the long run? (1 Mark)

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