Consider that your firm participates in a highly competitive market for a homogeneous good that is currently in equilibrium. The market price is $50. All the firms have identical cost structures and the market quantity is 400,000 units per month. Your firm currently pays $8000 per month for its production facility and it is maximizing its profit from the sale of this good. In addition, your firm's cost structure is described by the following equations: AVC = 10 + 0.05q and MC = 10 +0.1