The following graph represents the situation of Marguerite's Caps, a firm selling caps in the perfectly competitive cap industry What is the market price How much output should Marguerite produce to maximise her profits How much profit will she earn How much are her total fixed costs and her total variable costs at the profit maximising level

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The following graph represents the situation of Marguerite's Caps, a firm selling caps in the perfectly competitive cap industry: What is the market price? How

The following graph represents the situation of Marguerite's Caps, a firm selling caps in the perfectly competitive cap industry:

What is the market price?
How much output should Marguerite produce to maximise her profits?
How much profit will she earn?
How much are her total fixed costs and her total variable costs at the profit maximising level?

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