HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. So HoloIMAGine’s: (w) lowest possible average total cost arises at precisely the output where profit is maximized. (x) market supply curve is the same to its marginal cost [MC] curve above point b. (y) profit-maximizing output is less than the output level which maximizes total revenue. (z) economies of scale in production drive down total variable costs like output increases.
![752_Market Power1.png](https://secure.tutorsglobe.com/CMSImages/752_Market%20Power1.png)
Can anybody suggest me the proper explanation for given problem regarding Economics generally?