Market price P (not shown) is between P₁and P₂(P is greater than P₁but less than P₂). The price-taking firm willproduce____ and suffer aloss______.

Chrome File Edit View History Bookmarks People Tab Window Help \" . FriMarlQ 11:17AM . O . Content X G QUESTION 17 What Are Fixed! X I G QUESTION 19lncome Elasticir x I u Course Here X G The most important long-rund X I + 6 6 C i uic.blackboard.com/ultra/courses/_'l95025_1/c|/outline 7'} I E v Remaining Time: 29 minutes, 37 seconds. :5 Question Completion Status: (3.2: Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save A\" Answers ; Question 1lpdf A Show All x