Assume that the locally made medical equipment firm involves extremely high set up costs and has to spend a huge amount on research and development. More importantly, the company has to fulfil many stringent requirements from the government. Given the unique products, almost every local hospital uses this company in the country.

Refer to the above paragraph, what type of market structure is the medical equipment firmoperating in?

Assume that Firm A's production and cost schedule are as follows: (5 marks)

Fill in the blanks:

[Answer here]

Price	Qty	TR	MR	TFC	TC	MC
$50	6				$200
$40	12			$150	$260