Complete the table on the night from letters A . O. atal quantity of ou put should he firm produce to TR TC Picth MR:P VC maximize pooff or minimize losses? (Hint: use the Rules of Profit Maximization of Loss Minimization) (TR TC) (ATRAQ) Explain your answer. 50 50-0 = 50 MR. P = $100 4 Is the firm in Question 3 a perfectly competitive firm? Explain your answer 100 50 $106 50.650 5800 01 0#5.50 550 01.0:950 210 110 A F K 370 B G L Explain how a market supply curve s derived C H M 570 360 D N m L O