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(Solved): 2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred perfe ...
2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred perfectly competitive firms in Miami that produce medium cardboard boxes for moving. The following graph shows the daily market demand and supply curves facing the medium cardboard box industry.
On the following graph, use the green line (triangle symbol) to plot the demand curve for Talero's medium cardboard boxes. (Hint: Remember that perfectly competitive firms must accept the given market price.)
In the following table, fill in the price and the total and marginal revenue Talero earns when it produces 0,1,2, or 3 boxes each day. The demand curve that Talero faces is identical to which of its other curves? Check all that apply. Marginal revenue curve Marginal cost curve Supply curve Total revenue curve