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The table shows total revenue and total cost for Seri Muda's firm. Quantity Price (RM Total Marginal Total Cost Marginal (unit) Revenue Revenue cost 10.50

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The table shows total revenue and total cost for Seri Muda's firm. Quantity Price (RM Total Marginal Total Cost Marginal (unit) Revenue Revenue cost 10.50 10 10100 17 7 2 9.50 22 5 9.00 26 4 8.50 29.5 3.5 33 3.5 7.50 38 7.00 41 3 6.50 6.00 10 a. Complete the table above (10 marks) b. What is the equilibrium price and output? (2 marks) c. In what type of market structure is the firm operating? (1 marks)

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