Please solve all the questions or leave it for someone else (read the question carefully).

U MC MC ATC AVC ATC ATC S -DARMA DARM -DARM Production of quantity Production of quantity Production of quantity Company (3) company (2) Company (1) In Figure D: the demand curve, AR: average revenue, MR: Marginal revenue and P: unit price sold. ATC: average total cost, MC: marginal cost, AVC: average variable cost. 1 Looking at the figure, what kind of market model is applicable to this market? Explain how this can be learned from the figure? 2-What is the rule of the equilibrium point in this type of market that maximizes profit? 3-Describe what kind of profit or loss each of the three firms makes? 4-If the market price rises to the pl level shown in the figure, how will this affect the profit position of each firm? C ol