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:

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 70 2 120 3 150 4 190 5 270 6 360 Complete the following table: Market Price Profit maximizing level of output Profit $48 $52 $75 $85