ou are the manager for a monopoly with costs, demand, and marginal revenue as in graph 1. Suppose economic conditions change in such a way that the demand curve for your company shifts left. i. Draw a demand curve on graph 2 that leads to zero economic profits.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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You are the manager for a monopoly with costs, demand, and marginal revenue as in graph 1.

Suppose economic conditions change in such a way that the demand curve for your company shifts left.
i. Draw a demand curve on graph 2 that leads to zero economic profits.
ii. Draw a demand curve graph 2 such that any further leftward demand shift will cause you to shutdown.

МC
ATC
AVC
Demand
AFC
MR
Qf
%24
Transcribed Image Text:МC ATC AVC Demand AFC MR Qf %24
MC
АТС
AVC
Demand
-AFC
Qf
%24
Transcribed Image Text:MC АТС AVC Demand -AFC Qf %24
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