Piece-A-Pizzo" is experiencing declining sales. The firm is in a monopolistically compeitive market, and they have hired you to work on their pricing and advertising strategy. You are given the information in the larger table below. The current situation is the business does NOT advertise, but they we considering whether or not to change. So there are three possible scenarios: 1. Continue to NOT advertise; 2. Advertise, and competitors do NOT dvertise; and 3. Advertise, and competitors DO advertise. If Piece-A-Pizza advertises, it will cost $20 per day. Each pizza costs Piece-A-Pizza $4 to make. These costs are separate. No Advertising Piece-A-Pizza Advertises All Pizzerias Advertise Price/ Pizza Qd MR Qd MR Qd MR Condition 16 3 7 5 No advertising 15 4 8 6 14 5 9 7 13 12 11 10 678 a 10 8 11 9 12 10 9 13 11 Piece-A-Pizza advertises All pizzerias advertise Condition No advertising Piece-A-Pizza advertises All pizzerias advertise Price Output TR TC Profit Complete the large table (Cells A7 to G15). Determine the output level and price that maximizes profit under each of the three conditions. Enter the appropriate numbers in cells 19:K11. Calculate the profit for Piece-A-Pizza for each of the three conditions fill in cells 114116. a. b. D d What strategy would you recommend to Piece-A-Pizzo? Explain why