MC 500 ATC 330- 310 - 295 AVC 260 250 230 220 140 q:=6 92 8 q;=10 a. Find (i) variable cost, (ii) fixed cost, (iii) total cost, and (iv) profits at output levels q1, q2, and 93 Hint: The price is $140 at ql, $260 at q2, $500 at q3. b. At which of the output levels (q1. q2, and q3) will the firm operate in the short run? c. At which of the output levels (q1, q2, and q3) will the firm operate in the long run? Question 5. Monopolist with Price Discrimination [Ch. 15] (Handout 7)