SMC 3 0 ATC AVC fer cote s and costsf do llais) 20 200 40 0 600 800 1.0 0 0 Output 4. Refer to the graph above and assume monopolist and a perfectly competitive market in the long run equilibrium with the same demand and cost conditions. The monopoly will produce units, charge the price and earn in profit. The perfectly competitive market will produce units, charge price and earn a) 200, $10, $4,000; 600, $15, -$3,000 b) 300, $30, $3,000; 500, $20, $1,500