Ly Assignment & Perfect Competition (Question 4) ~ Lyryx Learning Inc - Google Chrome laecon 1.lyryx.com/student-servlets/LabServlet?ccid=4046 yryx Assignment 8: Perfect Competition (Question 4) Name: Nirjara Upadhaya Date: 2023-03-26 Official Time: 18:13:23 Question 4 [14 points] The table on the left sets out the market demand schedule for tapes, and the table on the right shows the cost structure of a perfectly competitive firm. There are 1000 fi Price Quantity Output(Qs) MC AVC ATC Demanded 550 5.7 14.4 21.5 4.1 900,000 600 B.15 13.6 21 4.9 875,000 650 6.8 12.3 19.5 5.7 850,000 700 11 11 19 6.5 825,000 750 11.45 11.3 18 73 800,000 800 11.3 12.1 17 8.1 775,000 850 14.5 12.9 14.5 8.9 750,000 900 14.95 13.7 14.72 9.7 725,000 11 700,00 11.3 675,000 12.1 650,000 12.9 625,000 13.7 600,000 14.5 575,000 15.3 550,000 a) What is the market price? P = $0 b) Whatlo. * Cancel Industry Output: 0 lenovo