15. In the accompanying table, you are given information about two firms that compete in a price-taker market. Assume that fixed costs for each firm are $20.

a. Complete the table.

b. What is the lowest price at which firm A will proc. duce?

c. How many units of output will it produce at that price? (Assume that it cannot produce fractional units.)

d. What is the lowest price at which firm B will produce?

e. How many units of output will it produce?

f. How many units will firm A produce if the market price is $20?

g. How many units will firm B produce at the $20 price? (Assume that it cannot produce fractional units.)

h. If each firm’s total fixed costs are $20 and the price of output is $20, which firm would earn a higher net profit or incur a smaller loss?

i. How much would that net profit or loss be?