Micro Module 2 Homework.pdf A) high revenues B) normal profit C) economic profit D) low cost E) lack of competitionPURE COMPETITION PROFIT ANALYSISSHORT RUN REVENUE/COST CURVES – FIRM AMCATCAVCPriceMR AMR 3MR 2MR0Quantity+(note: each of the above horizontal curves (lines) represent a different demand curve for firmA. Remember that in pure competition a firm’s demand curve D = P = MR)
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