draw a diagram to show a firm in a monopolistic competition market making a short run loss but remaining in production. in your diagram, include the labels for the following: AR for average revenue; MR for marginal revenue; AC for average cost ; AVC for average variable cost and MC for marginal cost * for price discriminating monopolist, the inverse demand functions for two markets are given as follows p1= 16-Q1 p2=9-Q2 where:- p1 is the price in sub-market 1 p2 is the price in sub-market 2 Q1 is quantity demanded in sub-market 1 Q2 is quantity demanded in sub-market 2 Using the above information, calculate the profit maximizing outputs and prices in each of the sub-market when the industry’s marginal cost equals 10 units

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draw a diagram to show a firm in a monopolistic competition market
making a short run loss but remaining in production. in your diagram,
include the labels for the following: AR for average revenue; MR for
marginal revenue; AC for average cost ; AVC for average variable cost
and MC for marginal cost
* for price discriminating monopolist, the inverse demand functions
for two markets are given as follows

p1= 16-Q1

p2=9-Q2

where:-

p1 is the price in sub-market 1

p2 is the price in sub-market 2

Q1 is quantity demanded in sub-market 1

Q2 is quantity demanded in sub-market 2

Using the above information, calculate the profit maximizing outputs
and prices in each of the sub-market when the industry’s marginal cost
equals 10 units

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