3.(15) Read the following article then answer the questions that follow: https://news.crunchbase.com/news/the-revenue-costs-and-margins-behind-birds-scooters/

3a. (2) The article states that Bird generated $3.65 per ride. This is

1. Total revenue
2. Marginal revenue
3. Average revenue
4. Profit margin

b. (4) Categorize the following costs as fixed, variable, or opportunity costs.

Charging costs:

Repair costs:

Regulatory costs:

Customer support staff costs:

Profit that could be made if Bird invested in pedal bikes:

Credit card processing costs:

Office space staff:

Engineers:

c.(3) Bird has lost tens of millions of dollars and has never turned a profit since it entered the scooter rental service market.How and why does Bird continue to operate if it has never generated a profit?

d.(3) There are typically 3-4 scooter rental companies operating in the same city.Would you predict demand for one specific scooter company, say Bird, is elastic or inelastic?Explain.

e. (3)Do you think the scooter-rental industry is perfectly competitive?What characteristics are like a perfectly competitive industry?What characteristics are unlike a perfectly competitive industry?