4) A perfectly competitive firm has the following short-run costs. There are 100 firms in this industry that all have costs identical to those of this firm. a. Complete the table below: Quantity Total Cost Marginal Cost AVC ATC $5 1 10 2 13 3 18 4 25 5 34 6 45 b. Market demand for the firm's product is given by the following market demand schedule: Price($) Q demanded Q supplied 12 300 600 10 500 500 8 800 400 6 1200 300 4 1800 200 i. What is the market price in this industry? ii. What is the firm's profit/loss? ifi. The firm will break even when price equals iv . The firm will shut down when market price is lower than V . In the long run, if price is lower than $6, firms will