3. Time left 1:50:4 Average Average Marginal Total Marginal (Quantity ) Variable Total Total Variable Cost Revenue revenue Pizzas Cost Cost Cost Cost 0 40 48 2 17 3 27 78 5 50 6 64 7 80 a. Complete the above table. (Assume that it is a perfect competition and the price of Pizzas is $10) b. What is the fixed cost faced by the firm? C. If the firm operates under the perfect competition and the market price is 10, what is the profit maximization output for the firm d. What type of market is this firm? Give reasons for your