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Revenue - Cost Situation - 8904

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Given this information, answer the following:

1. In the table above, fill in the missing values for Total Revenue, Marginal Revenue, Average Total Cost and Marginal Cost.
2. What is the profit maximizing output and price for this firm? Provide respond
in detail with illustrations as needed.
3. If this firm operates at its profit maximizing position, what will its profit (loss) be?
Show work.
4. Describe the type of market structure in which this firm operates and whether the table indicates a short run or long run position. Explain.

Please see attached for full question.

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The expert examines revenues for cost situations.

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