\fA. [1 mil: 530 Loss s 4 Units 520 Prot c. 4 Units 510 Prot D. 4 Units 55 Prot E. 5 Units 510 Prot Assume that in per'FecttvllI competitive marketll a business's cost and revenues are: Marginal Cost = average variable cost at $21] Marginal Cost = average total cost at 5.30 Marginal Cost = average revenue at 525 How does this firm determine profit maximizing level of output? Ilutlrl'hat price will this business charge? Explain how the business determines this price? Should this firm produce in the short am? Why or Wl'l'f not? Will this rm earn a profit or incur a IossiI Explain