Question: Please solve the all maths. (2+3+5) i. Why would high transaction costs tend to impede price-taking behavior? iL. Should a competitive firm ever produce when

Please solve the all maths.

Please solve the all maths. (2+3+5) i. Why would high transaction costs

(2+3+5) i. Why would high transaction costs tend to impede price-taking behavior? iL. Should a competitive firm ever produce when it is losing money? Why or why not? Explain IIL If the cost function for Messi's T-Shirt, Co) =100 + 10g - q' + =q'. What is its supply curve? Or Set B (2+3+5) i. Is Government intervention in a competitive market always bad? ii. In the long-run equilibrium, why do all firms in the industry earn zero economic profit? Why do firms enter an industry when they know that in the long-run economic profit will be zero? Budget smartphones have revolutionized the cellular internet data market. Previously internet users required expensive devices like high-end computers or expensive mobile devices to use internet. Today, anyone with a TK.5,000 smartphone can use the internet. A study says, in 2008 consumers paid about 192 per Mops. thirteen years later in 2021 that price is a minuscule 10.20 per Mops. That is a 10 times decrease. Use a side-by-side diagram to illustrate how this technological innovation affected the long-run supply curve and the equilibrium in this market

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