Use the following table to answer the following questions about a pizza parlor operating in a monopolistically competitive market. Assume total costs includes all economic costs. 1. Fill in the rest of the table. In this case, quantity changes by 10 units each time the price is lowered. To calculate marginal revenue and marginal cost you will divide the change of revenue or cost by 10 each time. 0 example marginal cost of going from 0 to 10 = ($500-$300)/10 = $20 2. What Price should they charge and what quantity will they sell? 3. What is the prot at the optimal price and quantity? 4. Is the rm's prot maximizing choice, allocatively efcient? How can you tell? 5. Based on the information in the problem, do you think this is a long run equilibrium? Why or why not? 6. What could this rm do to try increase their demand and to take customers from their competitors? How is this different than if the rm was in perfect competition