Your application has been subm x Southern New Hampshire Univer x Home * @ 5-1 Quiz - ECO-201-T2864 Micro x MindTap - Cengage Learning * *Course Hero * * 24862114 (892x572) X + X - > C A ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&eISBN=9780357133576&id=1327466553&snapshotld=2654212& CENGAGE |MINDTAP Q Search this course ? My Home Module Five Quiz X Back to Assignment Courses Catalog and Study Tools Attempts Keep the Highest / 3 A-Z Rental Options 13. Firms in Competitive Markets College Success Tips The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Career Success Tips Which of the following statements is true about the price of fertilizer? Check all that apply. ? Help The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than marginal cost. Give Feedback The price of fertilizer must be greater than average variable cost. The following graphs show the cost curves faced by a typical firm, the demand for fertilizer, and possible price and supply curves. (?) (? Firm Market At Demand 2 2 O Price and Costs Price -+ AVC MC Quantity Quantity O M 8 0 9 1 7:33