Answer all the questions below based on the 9raph above.
a) Justify the type of market structure the firm is operatingin.
b) Determine the profit-maximizing price and output for thisfirm?
c) Calculate the amount of profit or loss at the equilibriumpoint and state the type of profit.
d) Determine the value of average variable cost atprofit-maximizing level of output?
20 15 AVC ATC D-MR
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