Worksheet: Perfect Competition The following table provides data for a firm pertaining to sales, prlce and cost. Fill the I I l l l a l l l Marginal Average Revenue Revenue Using the table above 1) What specic information in the above table ensures that the firm is operating in a perfectly competitive market environment? 2) In a graph draw AC, MC, AVC, AR and MR curves 3) In the graph you have drawn in part (2) show the area which represents Tote! Cost, Total Revenue, Prot, Total Variable Cost and Total Fixed cost