Using the graph below, indicate the following

1)Find the market equilibrium P0 and equilibrium quantity Q0

Draw price=demand=MR=AR curve on the firm in the pure competitive industry.

2)Fine the quantity level that this firm will produce and mark as q*

3)Shade an area to indicate Total Revenue (mark as TR)

4)Shade an area to indicate Total Cost (mark as TC)

5)Shade an area to indicate Profit/Break-even/Loss.(only one of them) and mark which one of the three.

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