A firm has fixed costs of $40, and the following table represents its variable cost, based on the number of units produced and sold: Units Variable Cost 20 43 69 98 130 165 203 244 288 10 335 (for example, the variable cost of producing 4 units is $98) Additionally, the following table represents what unit price consumers are willing to pay for each of the quantities above: Units Price 44 41 38 10 17 (for example, consumers are willing to pay a price of $38 per unit for three units] Answer If the firm acted as a price taker las if it were in perfect competitionl, what would be the market quantity traded? What would be the market price in this case? / 592 If the firm acted as a monopolist. what would be the market quantity traded? What would be the market price in this case. I Sfal