Please assist not every question shown is supposed to be answered!!!

f. Is this an example of pure competition r monopolistic competition? Explain. Complete either Question 5 OR Question 6. 5. Pure Competition (16 points) Complete all five parts (a-e). a. Graph a purely competitive market showing the point of equilibrium at a price of $200 and a total product of 10,000. b. Next to this graph, graph the purely competitive firm. What price will the firm charge for the product? c. Show the demand, average revenue, and marginal revenue curve on the graph for the firm. d. Show the profit maximizing quantity for the firm at 400 units of output, or tp. e. Show this firm earning a profit of $8000, making sure to solve for the ATC value at the quantity, or total product, of 400. 6. Monopolistic Competition (16 points) Complete all four parts (a-d). a. Graphically represent a monopolistically competitive firm, using the curves that would provide information such as the profit maximizing price and quantity as well as the cost at the profit maximizing quantity. b. Show the profit maximizing price and quantity for this firm at a price of $65 and a quantity of 10000. c. Show this firm earning a profit of $50000. Make sure to solve for the numerical value for the average total cost (ATC) at the quantity of 10000. d. What will happen to the product price and average costs for this firm as it transitions from the short-run to the long-run? Extra Credit (4 points) 1. The unemployment rate for November 2020 was %. 2. The number of jobs created in November 2020 was 3. While the demand curve for the monopoly and monopolistically competitive firm appear the same, they do differ when it comes to the elasticity of both. Which one of the two demand curves will have a higher price elasticity of demand? Explain why