Read the follow ing article , US Blocks one World's Biggest Razor Companies from Buying Harry's , found at https ://www.cnn.com /20 2 0/0 2 /0 3 / business/ftc - harrys -schick -owner/index .html Answer the following 3 questions Why did the FTC file this law suit? Why is competition deemed better for consumers - . What factors tend to drive mergers and acquisitions 7 . Utilizing the chicken wing production function that we completed in the Module 2 homework assignment which would have the following answers . respond to the questions given , assuming the firm is a perfectly competitive firm Input Output ( Hours ( Wings MPP TFC TV C T C AFC A V C AT C MC 2 5 18 250 212.50 462.50 2.1 1. 3.9 6.7 1.3 35 185 250 297.50 547.50 1.4 1.6 3. 5.7 1.5 45 24 250 382.50 632.50 1.6 2.6 5.1 TI.7 5 5 29 3 250 467.50 717.50 09 1.6 2.4 3.8 2.2 65 3 3 1 250 5 52 .50 802 .50 0.8 I. 2.4 2. 2.9 1 5 360 25 637.50 887.50 0.7 1.8 2.5 A . Assume that the selling price for chicken wings is $ 2.50 . What would be the profit maximizing rate of output ? Is the firm making profit above all costs ? Why or Why not ? B . If the p of chicken wings drops to $ 2.00 , how many chicken wings should be produced then ? Is the firm making profit above all costs at $ 2 chicken wings ? Why or Why not C . At what price would be the short -run breakeven point? At what price would be the firm's short - run shut down point