You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table:

Q TVC

0 0

1 100

2 150

3 180

4 220

5 300

6 390

Complete the following table:

Market Price (Profit maximizing level of output?) (Profit?)

$48

$60

$75

$85