The breakeven price for a bagel is ____ and the shut down price for a bagel is _____ given this information and holding everything else constant.

Assume that the market for bagels is perfectly competitive. Each bagel firm has the same total cost function curves and marginal cost curve. These cost curves for each firm are given by the following equations where q is the number of bagels produced by a firm and P is the price per bagel: Total Cost Curve for a Representative Firm: TC = q*q*q*q + 3 Marginal Cost Curve for a Representative Firm: MC = 4(q*q*q) The breakeven price for a bagel is ___ and the shut down price for a bagel is given this information and holding everything else constant. O $1; $0 O $1; $3 O $4; $3 O $4; $0