Maximizing Profit Date Name Complete column (1) in the table below. (1) (2) 3) TR MR IC MC Total profit 0 0 20 1 30 40 2 60 56 90 76 4 120 105 150 135 180 170 1. How much is the company's fixed cost? 1. What price does the company face in the market? 3. Calculate total profits at every output level. 4. What quantity will maximize profits?Classifying Markets Date Name Classify the following products as being in monopoly, oligopoly, monopolistically competitive, or perfectly competitive industries. Microsoft's Windows operating system Boeing Mcleod Peach Farm McDonald's Big Mac Santee Cooper Electric Company