Gasoline is sold through local gasoline stations under perfectly competitive conditions. All gasoline station owners face the same long-run total cost curve (of gallons q) given by: Total Cost = 0.01q2 -q + 100 1, what is the average cost function? 2. find the average cost $ at 100 gallons of output (q) 3. if the gasoline is sold for $0.96 per gallon, is the station making a loss or profit? Edit View Insert Format Tools Table