Equilibrium price is $10 in a perfectly competitive market. for a perfectly competitive firm, mr = mc at 233 units of output. at 233 units, atc is $12, and avc is $9. the best policy for this firm is to in the short run. also, total fixed cost equals for this firm.

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.