1. Qualcomm Faces European Competition Probe over Claims of Predatory Pricing.The European Union Competition Chief said: " We are launching these investigations because we want to be sure that high-tech supplies can compete on the merits of their products" Qualcomm responded that the claims were "without merit". On similar grounds, Qualcomm was fined in China for a bit below one billion dollars. Please, read this article:Qualcomm Faces Scrutiny over AntytrustAllegations.Hint: To answer the following questions you may consider Parkin pages 234, 235, 325, and 355.

q.In probing for predatory pricing should we consider theATCor theMC?

a. It should be defined in terms of theMC.

b. It should be defined in terms of theAVC.

c. It should be defined in terms of theTFC.