lock 209.10 - 120.10 = 80 . IC-FC- 154.00-80 = VC. 8. (10 points) Suppose a competitive firm producing an undifferentiated product in a market with AVC = VC low barriers to entry faces the partially depicted short-run costs in the table below. Q 148 a. (4 points) Complete the missing cells in the table. TC = FC+ VC. 80 + 96.10. Q FC YC TC MC AFC AVC ATC MC = ETC 10 80 DQ 74 154.00 7.40 8.00 7.40 15.40 20 80 96.10 176. 4 2.21 4.00 4.805 8.805 200- 176-1 30 120.10 80 200.10 2.67 4.003 6.673 40 80 148.00 228.00 2.79 10 . 3/ 7 5.70 30 - 20 23.9 b. (3 points) What is the profit-maximizing quantity of this competitive firm when market 10 price is $2.40? c. (3 points) Should the firm stay in business in the short run if it produces the profit- maximizing quantity in part b? Why or why not