The following are cost and revenue curves for a firm in imperfect competition. 80 70 60 MC ATC 50 S 40 D 30 20 10 0 1 2 3 4 5 6 7 8 9 10 Quantity MR For a firm with the cost curves shown below, identify the (a) break-even price (b) break-even quantity. $18.00 ATC MR 16.00 14.00 AVC Price 12.00 10.00 0 500 600 700 800 900 1000 Quantity Question 43 In an industry that is characterized as an oligopoly, what happens to a firm's revenue and market share if they raise prices and what happens to their revenue and market share if they lower prices. Question Explain any 2 advantages of a cap and trade system of regulating emissions over a carbon tax system. Quantity Price TR MR 1 80 2 75 3 70 4 65 5 60 6 55 7 50 8 45 9 40 10 35