A market has 16 firms, 14 of which have 5% market share. The remaining two have 27% and 3% market share. Calculate the HHI.The table below shows the total revenue (TR) and total cost (TC) for a perfectly competitive firm. At which quantity (Q) of output is the company's profit maximized? Hint: Assume the firm can only choose between output levels listed in the table. Quantity (Q) Total Revenue (TR) Total Cost (TC) 20 $120 $110 40 $240 $144 60 $360 $192 80 $480 $264 100 $600 $404