Question: please help me do this work. QUESTION 3 The following diagram shows cost and revenue of a rm. Cost. New (RM) 70 --------------------- no. gnu-un-
please help me do this work.

QUESTION 3 The following diagram shows cost and revenue of a rm. Cost. New (RM) 70 --------------------- no. gnu-un- 4|: ........................ ' 0 00W {UNI} e 12 Answer the following questions based on the above diagram. a) Name and define the market structure that the firm is in. [2 Marks) b) Determine the profit maximizing price and quantity. (2 marks) c) Calculate the total of prot! loss the rm is making at this equilibrium output. Name the type of prot earned. (2 marks) d) Based on your understanding, what is meant by mutual interdependence and control over price (4 marks)
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