Below,the graph on the left shows the short-run cost curves for a firm in a perfectly competitive market,and the graph on the right shows the current market conditions in this industry.In order to maximize profit,how much output should the firm produce? 
Definitions:
Consideration
In legal terms, it refers to something of value that is exchanged between parties in a contract, making the agreement legally binding.
Breach of Contract
A situation where one or more parties involved in a contract fail to fulfil their legal obligations as outlined in that contract.
Writing Requirement
A legal stipulation that certain kinds of contracts must be in writing to be enforceable.
Purchase Price
The amount of money that is required to buy something.
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