$25 15 1|} am {all 600 m tom Output For the rm whose costs and revenues are Show in the graph above, Question 4 questions: a) profits will be maximized at a level of output of units, and h} at this level of output, profits will be $ . [Show your calculations) c) Is this firm operating in a perfectly competitive market? If this firm is in a perfectly competitive industry and is a typical firm which is making profits, what adjustment will occur in the price of the product, and how will this affect the prots of this typical firm? What will he the final equilibrium level of the price