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tHIS IS FROM MY pERFECT cOMPETITION pRACTICE pROBLEMS. For the following question use the graph below Q1 02 03 Q4 Quantity When market price is

tHIS IS FROM MY pERFECT cOMPETITION pRACTICE pROBLEMS.

For the following question use the graph below Q1 02 03 Q4 Quantity When market price is P5, a perfectly competitive, prot-maximizing rm's prots can be represented by the area 0 (P5 P1)*Q1 0 (P5 P3)*Q2 0 (P5 P4)*Q3 0 (P5 P1)*Q3 0 (P5 P3)*Q3

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