Suppose a tax of $5 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 200 units to 100 units. The tax decreases consumer surplus by $450 and decreases producer surplus by $300 . The deadweight loss from the tax is

Suppose some firms in a perfectly competitive market are incurring an economic loss. As a result,

A) all the firms will eventually incur an economic loss. B) some firms will leave the market and the price of the good will rise. C) some firms will leave the market and the remaining firms' quantity will decrease. D) the total market economic profit must equal $0.

Average fixed cost is

A) AC minus AVC. B) TC divided by Q. C) AVC minus MC. D) TC minus TVC.