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Price (in thousands of dollars) $11 S = MC $10 ATC $9 $8 $7 - - $6 $5 AVC ATC $4 AVC $3 Firm Demand

Price (in thousands of dollars) $11 S = MC $10 ATC $9 $8 $7 - - $6 $5 AVC ATC $4 AVC $3 Firm Demand $2 - - - $1 X 0 3 6 9 12 15 18 21 Quantity of Output Market = Firm MR

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