A4d ATC AVC D or MR N WP 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 The above graph shows a firm in a market that faces a demand equal to D. o 1- Is this a competitive market structure? Justify your answer. o 2- What is the price in this market? o 3- Find the level of output that maximizes this firm's profit. o 4- Find AC and AVC at that level of output. o 5- Find TC and TR