Please answer question 3 by referring to AND filling out the table to the right

3. Complete the table on the right from letters A - O, what quantity of output should the firm produce to Q TR TC maximize profit or minimize losses? (Hint: use the Rules of Profit Maximization or Loss Minimization) Profit MR=P MC Explain your answer. (TR-TC) (ATR/AQ) (ATC/AQ) 0 $0 $0 $0 - 0 = $0 MR = P = $100 4. Is the firm in Question 3 a perfectly competitive firm? Explain your answer. 100 50 $100-50=$50 $100-0/1-0=$100 $50-0/1-0=$50 2 200 110 A F K 5. Explain how a market supply curve is derived. 3 300 180 B G L 4 400 260 C H M 5 500 360 D - N 6 600 480 E C O