c. Using marginal approach to determine the profit maximizing output level per day of Hollywood Sugar Manufacturing Co. Ltd. (d) Calculate how much profit or loss that Hollywood Sugar Manufacturing Co. Ltd would have when it produces at profit maximizing output level. (show all your steps) (e) At the output level stated in part (d), do you think other firms will enter or exit the industry? Please explain. (f) Determine which kind of market structure that Hollywood Sugar Manufacturing Co. Ltd is staying in and explain your answer with TWO reasons.(g) Discuss any THREE disadvantages that this kind of market structure may incur to the economy.

Quantity Price demanded ($ per ton) (ton perday) Total co Total variable cAverage total cost Total Revenue Marginal Revenumarginal Cost 11 0 300 0 - 0 10 50 500 200 10 500 500 200 9 100 640 340 6.4 900 400 140 8 150 780 480 5.2 1200 300 140 200 980 680 4.9 1400 200 200 250 1200 900 4.8 1500 100 220 5 310 1550 1250 5 1550 50 250