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Indicate whether the statements below describe long or short run conditions: A. Short Run B. Long Run C. Neither v 1. Firms face rising fixed average fixed cost ? v 2. Firms only experience variable costs ? |3. Firms still face fixed cost when shutting down Determine whether the scenarios below lead to economies, diseconomies of scale or neither: A. Neither B. Economies of Scale C. Diseconomies of Scale ? v 1. Access to better technology as firms size increases 2. Higher demand for the product 3. Added bureaucracy The firm QRZ Co. operates in a competitive market because OQRZ Co. is one of a few firms and entry in this market is easy OQRZ Co. can influence the market price and sells a product different from ocher firms in the marker OQRZ Co. is one of many firms selling the same product and, market entry is easy OQRZ Co. is one of many firms selling the same product and, market entry is blocked