24. (03.02 MC) The entire market for a good is 1,000 units, and the minimum efficient scale is 5 units. Which of the following terms accurately describes this market? (1 point) Inefficient Concentrated Fragmented Monopolized DiseconomyUse the graph to answer the question that follows. (1 point) Q1 Q2 Q3 Qm'i'y If the price is set at P3, what area represents the total economic surplus? O A+B+C+D A+B+C O A+B+C+F+G OD 29. (03.07 MC) What is true of a firm's production if it operates in a perfectly competitive market with short-run economic prots? (1 point) 0 Marginal revenue = demand = marginal cost > average total cost 0 Marginal revenue = marginal cost = average xed cost 0 Average total cost = price = average variable cost 0 Marginal cost