Draw a long run average cost and marginal cost curve

Reference no: EM132139662

Question: Draw a long run average cost and marginal cost curve for a business and explain why they have this shape.

- Also on the graph show a P1 that is very profitable for this firm and the Q1 associated with this P1.

- Explain why this may not be sustainable in the long run.

Reference no: EM132139662

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