Use the point tool to indicate the quantity/price point at which this firm must be producing. please make it clear so i can see well thank you Consider a firm in a competitive industry. The firms average cost curve and marginal cost curve are depicted below. All firms in the market are identical. Suppose the market is in equilibrium, and the firm is currently losing $1,200 daily. Use the point tool to indicate the quantity/price point at which this firm must be producing 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 Considering this graph, which of the following statements must be true? Choose one or more: A. The market is in a short-run equilibrium B. The firm must have some fixed cost. C. The firms fixed daily cost is, at least, $1,200. D. The average variable cost for the current level of output is at most $600. E. The average cost and the average variable cost must be equal
Use the point tool to indicate the quantity|price point at which this
Use the point tool to indicate the quantity/price point at which this firm must be producing. please make it clear so i can see well thank you Consider a firm in a competitive industry. The firms average cost curve and marginal cost curve are depicted below. All firms in the market are identical. Suppose the market is in equilibrium, and the firm is currently losing $1,200 daily. Use the point tool to indicate the quantity/price point at which this firm must be producing 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 Considering this graph, which of the following statements must be true? Choose one or more: A. The market is in a short-run equilibrium B. The firm must have some fixed cost. C. The firms fixed daily cost is, at least, $1,200. D. The average variable cost for the current level of output is at most $600. E. The average cost and the average variable cost must be equal
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