When a firm produces 1000 widgets with total cost of $2000 and fixed cost of $1000, what is the average variable cost?

What is the struggle among various producers for the consumer's business called

What will be an ideal response?

Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace, Inc is definitely

A) a perfectly competitive firm. B) not a perfectly competitive firm. C) a natural monopoly. D) None of the above answers is correct.