Question: answer this please soon Question 5- 10 Marks The Following table shows total cost (TC) of a kid selling chocolates, where the chocolate market is

answer this please soon

Question 5- 10 Marks The Following table shows total cost (TC) of a kid selling chocolates, where the chocolate market is considered "Perfectly Competitive" market. Answer all following questions: Quantity of Total Cost MC MR Output $ 0 4 $7 1 8 2 15 3 22 30 45 a. What are the conditions of Perfect Competition? b. Complete the table? c. If the market price is $7, what is the profit-maximizing output? Explain. d. If the market price is $4, what is the profit-maximizing output? Explain

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