Web1)Suppose a firm is producing 100 units of output, incurring a total cost of $10 000 and total variable cost of $6000. It can be concluded that average fixed cost is A)$40. B)$60. C)$100. D)$160. E)$4000. 1) 2)Assume hockey player Jarome Iginla is averaging three points per game going into the last game of WebQuestion: If a monopolistically competitive firm is producing the profit-maximizing output and incurring economic losses, then: incumbent firms are seeing their market share fall. firms will enter the market in the long run. O price exceeds average total cost. O firms will exit the market in the long run. Show transcribed image text Expert Answer
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