Question 2 : Do parts a, and b (lpoints each) a. Identify the four types of market structures. What are the characteristics of the four types of market structure b. Draw the short-run ATC, AVC, MC, MR and Demand graphs for a perfectly competitive market experiencing a prot. In each part, show Total Cost (TC), Total Revenue (TR), shade the prot. Clearly label Q for the equilibrium quantity point and P for market price point. Question 3: Monopolyggph . Do parts a,L,;(7_points each) Draw the short-run ATC, AVC, MC, MR and Demand graphs for a monopoly market. In each part, show Total Cost (TC), Total Revenue (TR), shade the prot or loss. Clearly label Q for the equilibrium quantity point and P for market price point. a. Draw a prot situation b. Draw a loss (not shutdown) situation c. Draw a monopoly and perfectly competitive industry on the same graph space. Only show equilibrium quantity and price of monopoly (Qm and Pm) and quantity and price for a perfect competition situation denoted as (Qpc and Ppc). You do not need to identify TR, TC or shade the prot in this graph