I need help with econ multiple hw questions asap! 64)In a competitive market that is characterized by free entry and exit, what will be the result?  A. All firms will operate at efficient scale in the short run.  B. The number of sellers in the market will steadily decrease over time.  C. All firms will operate at efficient scale in the long run.  D. The price of the product will differ across firms. 63)Where is the competitive firm’s short-run supply curve located?  A. the part of the average-total-cost curve that lies above marginal cost  B. the part of the average-variable-cost curve that lies above marginal cost  C. the part of the marginal-cost curve that lies above average variable cost  D. the part of the marginal-cost curve that lies above average total cost

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