Review the concepts of the fixed, variable, total, and average costs discussed in the following video.

Short Run Costs of Production

https://www.tutor2u.net/economics/reference/short-run-costs-of-production

consider the market supply

1. Research and describe the fixed and variable costs of producing the good in that market.
2. Is there any recent news about production capacity constraints in that market? Describe the events and cite the source.
3. Can you find any other recent news about the costs of production in that market? Be sure to cite the source.