T/F/U (4 points each) The following statements are True, False or Uncertain (T/F/U). Following each statement specify whether the statement is T/F/U and provide a short explanation why (not more than 10 lines). Some of these T/F/U questions are hard - they are intended to make you think. If you specify that a statement is Uncertain please explain what assumptions would make it true or false. 1) (4 points) T/F/U: If a profit-maximizing firm has no fixed costs, then in the short run, they will never make a loss, no matter what the market price is. (That is, their profit is always at least zero). 2) (4 points) T/F: (no uncertain) In a perfectly competitive market with identical firms, the burden of a $1 tax will fall entirely on consumers. Note: Consider the long versus short run