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Answer the following questions based on the graph below: 5.1. Does the graph above pertain to a perfectly competitive firm or a monopoly? How can

Answer the following questions based on the graph below:

5.1. Does the graph above pertain to a perfectly competitive firm or a monopoly? How can you tell? (1 point)

5.2. What are the firm's profit-maximizing outputand profit maximizing price? Briefly explain. (1 point)

5.3. If the firm produces the profit-maximizing output, what is its profit? (1 point)

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