5. Big Freeze Desserts Company manufactures ice-cream. Fixed costs are AED 2000 to run the business. Fill in for fixed cost (FC), total cost (TC), average variable cost (AVC), average total cost (ATC), marginal cost (MC). Qty VC FC TC AVC ATC MC 50 100 100 300 150 500 200 700 250 800 300 1200 (10 Marks) 5. Critically compare (and contrast) two market structures 'Perfect Competition' and a Monopoly. Explain the main characteristics in terms of the number of buyers, sellers and product differentiation. (15 Marks) Activa 9272477.jpeg 1920 x 1080px Size: 164.1KB O P