The market for fertilizer is perfectly Which of the following statements is true about the price of fertaizer? Check all that apply. The price of fertilizer must be less than marginal cost. The price of fertilizer must be less than everage total cost. The price of fertileer must be equal to average variable cost. The following graphs show the cost curves faced by a typical firm, the dernand for fertilizer, and possible price and supply curves. C Firm Market Demand IN20 PUR ROud Price Quantity Quantity If forms in the market are producing output but are currently making economic losses, illustrates the present situation for the typical firm in the market, and w indicates the corresponding supply curve. Assuming there is no change in either demand or the firm's cost curves, which of the following statements is true about what will happen in the long run? Check all that apply. The total quantity supplied to the market will increase. The quantity supplied by each firm will decrease. Marginal cost will increase. The price of fertilizer will increase D Average total cost will decrease