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MC $ per unit ATG AVC 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 Quantity of Output (q)

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MC $ per unit ATG AVC 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 Quantity of Output (q) Consider the cost curves of a firm in a perfectly competitive market shown above. If the market price is $18, the profit-maximizing quantity of output for this firm is: 3 2 O 4

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