Question: Answer the question based on the table given below: Quantity (pizzas per hour) 0 1 2 3 45 6 Total cost, TC (dollars per

Answer the question based on the table given below: Quantity (pizzas per hour) 0 1 2 3 45 6 Total cost, TC (dollars per

Answer the question based on the table given below: Quantity (pizzas per hour) 0 1 2 3 45 6 Total cost, TC (dollars per hour) 10 18 30 48 70 98 120 A) Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $15, will the firm incur a loss and shut down or stay in or leave the industry in the long run? B) Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $22, will the firm incur a loss and shut down or stay in or leave the industry in the long run?

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