3) Consider the following table of numbers which represents demand and cost conditions for a competitive firm. The price of the product this rm produces is $50. H1 ('1 a: n H C? H E U.) \"1-4 L}: \" U.) ['d H O (a) Fill in the missing values. (b) What level of output should the firm produce? W 11y? (c) What do you predict will happen to the number of firms in the industry? Why\"? [d] What do you predict will happen to sup ply and the market price