In the long run

36 28 24 20 ADONG 10 20 30 40 50 Output (lawns mowed per week) Bill owns a lawn-care company in Windermere, Florida, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $16 (P=$16) per lawn mowed. If Bill's average total cost curve is ATC, his total economic equals O profit; $0 per week O profit; $480 per week O loss; $800 per week O profit; $1,280 per week O loss; $1,280 per week Next Previous