Student S X h ECN-351 X MindTap - X Sports An X Standard X Population X y! How large X Mathway |X Course He X + 20 ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5984331885001331312624185366&elSBN=978035713369... Q CENGAGE | MINDTAP Q Search this course ? X me Topic 4 Assignment 5:00 8 . Ch. 13 Problems and Applications Q8 es The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. g and Study Tools A-Z Which of the following statements is true about the price of fertilizer? Check all that apply. Options O The price of fertilizer must be less than marginal cost. e Success Tips O The price of fertilizer must be equal to average variable cost. Success Tips O The price of fertilizer must be less than average total cost. The following graphs show the cost curves faced by a typical firm, the demand for fertilizer, and possible price and supply curves. eedback bongo (?) (?) Firm Market Demand At P2 O Price and Costs Price P AVC MC Quantity QuantityStudent S X h ECN-351 X MindTap - X Sports An X Standard X Population X y! How large X Mathway |X Course HE X C 9 ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5984331885001331312624185366&elSBN=9780357133699&id... * 1 1908 K