9. Problems and Applications Q9 The market for apple plas in the city of Ectania is competitive and has the following demand schedule: Each producer in the market has a fixed cost of $5 and the following marginal cost! Quantity Marginal Cost 10 Li Complete the following table by computing the total cost and average total cast for each quicky produced. Quantity Total Cost Average Total Cost (Dollars] The price of a pie is now $11. At a price of $11, ples are sold in the market. Each producer makes ples, so there are | |producers in this market, each making a profit or True or False: The market is in long run equilibrium. O True Suppose that in the long run there is free entry and suit In the long run, each producer earns a profit or B . The market price is 3 . At this price, pies are sold in this market, and such producer makes pies, so there are producers operating