The graph below shows cost curves for a firm operating in a perfectly competitive market.

Suppose that the equilibrium price is $13.56 (black line). This firm is earning

 

Hint

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Suppose that the equilibrium price is $9.56 (black line). This firm is earning

 

Hint

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Suppose that the equilibrium price is $19.66 (black line). This firm is earning

 

Hint

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Suppose that the equilibrium price is $9 (black line). This firm is earning

 

Hint