Price and cost per unit Ps P2 P₁ Figure 8-7 MC ATC ATC ATC Demand Q3 Q4 Quantity MR Figure 8-7 above shows the demand and cost curves facing a monopolist. Refer to Figure 8-7. If the firm's average total cost curve is ATC2, the firm will O face competition. O break even. O suffer a loss. O make a profit.

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