multi-part question, huge thumbs upvote for right, reliable answer. i appreciate it a lot, thank you! P MC ATC AVC $16 $12 $10 7 10 Consider the perfectly competitive market for oranges. The figure above shows the cost structure of a representative firm in the orange market. Suppose the current market equilibrium price is $12. Which of the following statements is FALSE? There is a negative economic profit in the short run. The long-run equilibrium price is $16. The marginal revenue (MR) curve for the firm is P = $12 (i.e. a flat line). In the short run, this firm will shut down the business and leave the market. In the long run, if there are 100 firms staying in this market, the equilibrium quantity will be 1,000 units. Which of the following statements about market structures is TRUE All unregulated firms, regardless of the type of the market they are in, are allocatively efficient A perfect price discriminating monopoly is allocatively efficient. Oligopolistic markets are characterized by strategic interactions. A single-price monopoly (a monopolist without price discrimination) is not productively efficient but allocatively efficient. All of the above Which of the following are examples of signaling? The market price for oil fluctuates over the last 10 years. Prices in housing markets tend to fall during recessions. O A group or workers gain the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Individuals who possess a completed academic degree earn a greater income than those who have an equivalent amount of studying without possessing an academic degree Individuals tend to choose immediate rewards over rewards that come later in the future, even when these immediate rewards are smaller