Problem
Draw a perfectly elastic demand curve on top of a standard U-shaped, average-total-cost curve. Now add in the marginal-cost and marginal-revenue curves. Find the profit-maximizing point, MR MC. Indicate the firm's total revenue and total costs.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.