[Solved] The Following Graph Shows the Market Demand and Average Cost

Question 68
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The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts)in an urban centre:
-Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by two competing firms,each having 50% of the market.What will be the profit or loss made by each firm?

B)Loss of $50.
C)Loss of $100.
D)Loss of $150.
E)Profit of $100.


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