Use the given information to answer questions 28 - 33. Quantity Total revenue Total cost MC 0 $0 $30 $50 $70 2 $100 $100 3 $150 $120 4 $200 $145 5 $250 $175 6 $300 $215 V $350 $270 8 $400 $380Question 28 (This is a bonus question. This question is worth 2 points.) Based on the given information, is the market for cakes perfectly competitive? Explain. 0 Yes, because the market price is constant no matter how many cakes rm C sells. 0 Yes, because MC is constant. 0 No, because the total revenue keeps increasing when rm 0 sells more. 0 No, because the total cost keeps increasing when n'n C sells more