Assume the following cost and revenue structure of the following two companies: Air France and Zoom. Air France is a maj

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Assume the following cost and revenue structure of the
following two companies: Air France and Zoom.
Air France is a major airline company but has high average cost
of production. During the pandemic, travel was restricted globally
and demand for air travel by Air France has been very low. Assume
the company made a loss.
Zoom provides video conferencing and has lower unit cost of
production. During the pandemic, people and firms shifted to Zoom
and demand for the company’s products has boomed. Assume the
company has registered a huge profit.
Draw two separate charts to illustrate the above situations.
Make sure you draw the AC, MC, AR (Demand) and MR curves for each
firm. Also, clearly show the profit maximizing or loss minimizing
output (Q*) and equilibrium price (P), and label the profit or loss
area as PABC.
Briefly explain your charts and economic reasoning.