Please answer the two questions below using the following information: A competitive fishing industry consists of 5 independently owned and operated fishing boats working out of the port of Ithaca. Assume that no other fishermen fish Cayuga Lake, and that the MC of operating the boat for 1 day is equivalent to the value of 72 pounds of fish. (A boat left idle generates no costs.) The total catch in pounds, is given in the following table as a function of the number of boats fishing: