80-4: Examine the diagram to find the diagram below that shows how a 8 points firm's output is determined in perfect competition. The price of bottled water is determined in the market, as you see in the right panel. In the left panel, profit maximization condition MR=MC is met, and the profit maximizing output of Mummy Bottled Waters Ltd is determined. What is Total Revenue (TR) earned by Mummy Bottled Waters Ltd as shown in the left panel? Explain the story briefly and show all calculations. * Determination of Quantity in Perfect Competition Mummy Bonk-d Waters Lul. Bottled Water Mdil'l Price=P MC P Market Market Cost=E CONE AL SUW'IV Demand curve Curve 5 Curve D BUT 20 Market Price EDT 30 m: 1 mn Barnes Ll : 20 m" Bottles Market Demand = E) Market Supply=$ Your