"Complete the following 5 parts for microeconomics section h" (attached)

Question 23 (2 points) () Listen Output AFC AVC ATC MC $300 $100 $400 $100 150 75 225 50 100 70 170 60 75 73 148 80 60 80 140 110 ODOVAWNA 50 90 140 140 43 103 146 180 38 119 156 230 33 138 171 290 30 160 190 360 Refer to the above data. If the market price for the firm's product is $50, the perfectly competitive firm will: O shutdown O produce 3 units. O produce 2 units. O produce 1 unit.Question 34 [2 points) I:I You are told that the four-firm concentration ratio in an industry is 2G. Based on this information you can conclude that the industry is: I: :I concentrated because each firm has EU percent of industry sales. z' II :1 concentrated because the four largest rms account for 313' percent of the industry sales. \\ II :1 not concentrated because the four largest firms account for 2G percent of industry sales. II ,3' not concentrated because each firm only accounts for 5 percent of industry sales. \fQuestion 39 (2 points) ) Listen Collusion in oligopoly is difficult to maintain in the long run because: it is more profitable for the industry to charge a lower price and produce more output. they are illegal in all countries. C entry barriers are insignificant in oligopolistic industries. individual members may find it profitable to cheat on agreements. Question 40 (2 points) ) Listen In which of the line of degrees of competition (highest to lowest) is oligopoly properly placed? monopolistic competition, perfect competition, monopoly, oligopoly perfect competition, monopolistic competition, oligopoly, monopoly perfect competition, oligopoly, monopoly, monopolistic competition O oligopoly, perfect competition, monopolistic competition, monopoly