Refer to the accompanying graph. 
a. What is the profit-maximizing quantity, assuming this market is in long-run equilibrium?
b. What is the price in this market, assuming it is in long-run equilibrium?
c. What is the total revenue if this firm is in long-run equilibrium?
Definitions:
Sociality Corollary
The idea that individuals' identities and behaviors are significantly shaped by their interactions and relationships within social groups and communities.
Constructs
Psychological categories people use to make sense of the world, including various attributes, behaviors, and personality traits.
Commonality
The state or condition of sharing or having certain attitudes, interests, or features in common with others.
Adaptive Control
A process or mechanism that allows systems to adjust their functioning or behavior in response to changes in the environment or internal state.
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