Cost per Unit ($) P4 P3 P2 P₁ E Per Unit Costs F A Q₁ Q₂ Output Quantity MR MC B Q3 ATC Do Q b. What area in the figure

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Cost Per Unit P4 P3 P2 P E Per Unit Costs F A Q Q Output Quantity Mr Mc B Q3 Atc Do Q B What Area In The Figure 1 (34.03 KiB) Viewed 28 times

Cost Per Unit P4 P3 P2 P E Per Unit Costs F A Q Q Output Quantity Mr Mc B Q3 Atc Do Q B What Area In The Figure 2 (13.62 KiB) Viewed 28 times

Cost per Unit ($) P4 P3 P2 P₁ E Per Unit Costs F A Q₁ Q₂ Output Quantity MR MC B Q3 ATC Do Q

b. What area in the figure shows the level of profits for the monopolist? Are profits positive or negative? Profits are and shown by area