Question
It's asking for you to shade in the areas of the graph that correlate with the symbols. Please be clear, concise and exact when shading
It's asking for you to shade in the areas of the graph that correlate with the symbols. Please be clear, concise and exact when shading the appropriate areas.
The following graph shows the demand (D
D), marginal revenue (MR
MR), marginal cost (MC
MC), and average total cost (ATC
ATC) curves of a monopolistic competitor.
Place the grey point (star symbol) on the graph to indicate the profit-maximizing price and quantity for this monopolistic competitor. If the monopolistic competitor is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if the monopolistic competitor is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing its loss.
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