QUESTION 1 Table 2 gives cost data for a firm that is selling in a purely competitive market. If the market price for this firm's product is $68.10, it will produce TABLE 2 Total Average Fixed Average Variable Average Total Marginal Product Cost Cost Cost Cost 1 $150.00 $25.00 $175.00 $ 25.00 75.00 23.00 98.00 21.00 50.00 20.00 70.00 14.00 37.50 21.00 58.50 24.00 30.00 23.00 53.00 31.00 6 25.00 25.00 50.00 35.00 21.43 28.00 49.43 46.01 18.75 33.00 51.76 68.07 16.67 39.00 55.67 86.95 10 15.00 48.00 63.00 128.97 8 units at an economic profit of zero. 6 units at a loss of $90. 9 units at an economic profit of $281.97. 8 units at an economic profit of $130.72