What is total profit? what information would you need in, Ask an Expert

Economics

If the monopoly firm faces ATC1, which rectangle measures total profit? If the monopoly firm faces ATC2, what is total profit? What information would you need in order to know whether the monopoly firm will shut down or continue producing in the short run? In the long run?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M938516

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