Figure 1 shows the short run cost and revenue curves faced by a firm. Figure 1 Price MC AC 37 AVC 20 10 MR=AR=DD=P . Quantity 20 25 a. Identify the type of market structure the firm operating in and justify your (2 points) answer. b. Determine the price and output at profit maximization. (2 points) C. At the equilibrium, calculate the following; (6 points) i. Total revenue ii. Total cost ili. Total fixed cost d. Calculate the amount of profit or loss and state the type of profit earned (2 points) by the firm. Based answer in (d), should the firm continue or shut down its operation (2 points) in the short run? Why? f. State the shut down price for the firm. (1 point)