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Alvin likes to listen to music on CDs. He buys his CDs in a perfectly competitive market. One of the firms in this market has

Alvin likes to listen to music on CDs. He buys his CDs in a perfectly competitive market. One of the firms in this market has the following cost structure. Assume CDs can only be bought and sold in whole units.

Q FC MC VC TC ATC AVC 2 7 2 7 2 3 8 3 4 1.5 5 10 4 3.33 1.66 8 13 5 3.25 2 13 18 3.6 2.6

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