Question: Based on the Cost table, in a Perfect Competition Industry, if the price is $550, then what will be the quantity to sell for the

Based on the Cost table, in a Perfect Competition Industry, if the price is $550, then what will be the quantity to sell for the company and what will be profit/loss? Show work. If the price fell to $350 then how many to sell and what will be profit/loss? show work.

output	Total Fixed cost	Total Variable cost	Total cost	AFC	AVC	ATC	Marginal cost
0	1000		1,000
1			1,200
2			1,300
3			1,500
4			1,800
5			2,300
6			3,000

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