Question: 3.1. Fill out the table below. (6 points) Unit Marginal Marginal Quantity (Q) Price (P) Total Revenue (TR) Fixed Cost (FC) Variable Cost (VC) Total

3.1. Fill out the table below. (6 points)

Unit Marginal Marginal

Quantity

(Q)

 Price (P) Total Revenue (TR) Fixed Cost (FC) Variable Cost (VC)

Total Cost

(TC)

Profit

Cost

Revenue

14

 $10 140 $3 $43

15

 $10 150 $51

16

 $10 160 $60

17

 $10 170 $70

18

 $10 180 $81

3.2. Is the table above pertaining to a perfectly competitive firm or monopoly? How can you tell? (1 point)

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