Question 3 The table below shows the cost information for a firm in a perfectly competitive industry. What would be the break even price for this firm? Q FC VC TC MC AFC AVC ATC 180 0 180 180 7 187 7 180.00 7.00 187.00 180 18 198 11 90.00 9.00 99.00 180 33 213 15 60.00 11.00 71.00 180 52 232 19 45.00 13.00 58.00 180 75 255 23 36.00 15.00 51.00 180 102 282 27 30.00 17.00 47.00 180 133 313 31 25.71 19.00 44.71 180 168 348 35 22.50 21.00 43.50 180 207 387 39 20.00 23.00 43.00 10 180 250 430 43 18.00 25.00 43.00 11 180 297 477 47 16.36 27.00 43.36 12 180 348 528 51 15.00 29.00 44.00 13 180 403 583 55 13.85 31.00 44.85 14 180 462 642 59 12.86 33.00 45.86 15 180 525 705 63 12.00 16 35.00 47.00 180 592 772 67 11.25 17 37.00 180 48.25 663 843 71 18 10.59 39.00 180 49.59 738 918 75 19 10.00 41.00 180 51.00 817 997 79 20 9.47 180 43.00 900 52.47 1080 83 9.00 45.00 54.00