"Big Data" O has completely eliminated the monopoly pricing power of online retailers. O is used by firms to price discriminate through personalized pricing. O is a significant barrier to entry to new Internet retailers. O makes it easier for government to regulate monopolistic industries.| Suppose a firm is currently producing 50 units. Its total fixed costs are $500 and its total variable costs are $200. At an output level of 50 units, calculate the total costs. 0 $4 0 $10 0 $11 0 $14 0 $700 The price elasticity of demand for chana masala is about 0.60. Other things equal, this means that a 20 percent increase in the price of chana masala will cause the quantity demanded of chana masala to: O increase by approximately 12 percent. O decrease by approximately 12 percent. O decrease by approximately 32 percent. O decrease by approximately 26 percent