P R C
P R C. MC. ATC. AVC. Q. P R C. MC. ATC. P 1. AVC. P 2. P 3. P 1 : Economic profit P 2 = min ATC : Break even price, firms makes normal profit ATC>P 3 >AVC : Loss, but continues to produce P 4 = min AVC : Shut down price. Indifferent between producing or shutting down.
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