Qgestion 29 Suppose a perfectly-competitive firm that produces gadgets has a total cost of producing of TC = 0.2q2 + loq + 60. Further, suppose the market demand and market supply of gadgets can be represented as: QD = 500 IOP and Qs = 10 + 5P. use the information above to answer parts A through E (note: round any decimals to the nearest whole number): Part A: Determine the market price. The market price is $ . (enter your answer in the box/space) Part B: Based on your answer in part A, what is the perfectly-competitve firm's marginal revenue? The firm's marginal revenue is $ Part C: Calculate the firm's profit-maximizing quantity. The firm's profit maximizing quantity is . (enter your answer int the box/space) gadgets. (enter your answer in the boxJspace) Part D: Calculate the firm's averagetotal cost of producing at the quantity found in part C. The firm's average total cost is $ . (enter your answer in the box/space) Part E: Based on your answers from the previous parts, calculate the size of the firm's profit. The firm is making a profit of $ . (enter your answer in the box/space)