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The following table lists six independent scenaraios for six different firms, each of which is either a momopolist or perfectly competitive. For each row, fill

The following table lists six independent scenaraios for six different firms, each of which is either a momopolist or perfectly competitive. For each row, fill out the missing information and indicate, if not already indicated, whether the firm is a momopoly or a competitive firm. There are no avoidable fixed costs. "Min" means the cost curve is at its minimum point. Assume the firm in each row is maximizing its profit.

(NOTE: for Market Structure, enter the answer in small letters rather than with capitals. For example, writecompetitiverather thanCompetitive).)

Market Structure Price Quantity Cost Variable Cost Marginal Cost Average Cost Average Variable Cost Average Fixed Cost Marginal Revenue Profit
Monopoly 10 64 3 2 6
Competitive 9 4 2 9
17 10 10 5 -17
12 min 0 3 0
Competitive 20 15 4 5 30
9 72 8 min 2

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