Price ($/widget) 12 10 10 20 30 50 70 90 Widgets The graph above shows the relevant cost curves (AC, AVC, MC] of a typical tim producing widgets in a market with perfect competition. Note: Do NOT include any symbol ($ or ") in the boxes of numeric questions. Use a point ( ) not a comma () for decimals. If the market price is 57 per widget. approximately how many widgets will the firm produce? Answer widgets Al this price of $7, will other firms find this market attractive? if the market price is instead $5 per widget, how many widgets will the firm produce? Answer widgets At this price of $5, will other firms find this market attractive? In this market, what is the long run price of a widget? Answer. $ Roughly. at which production levels does the tim's technology exhibit increasing economies of scale (returns to scale)? Roughly. at which production levels does the firm's technology exhibit constant (unit) economies of scale (returns to scale]