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Graph A represents a firm and Graph B represents a market of a certain market structure. Use the given diagrams to answer the questions that

Graph A represents a firm and Graph B represents a market of a certain market structure. Use the given diagrams to answer the questions that follow:

2.1 Use Graph A to identify the type of market structure that the firm belongs to and highlight its characteristics. (14)

2.2 Evaluate the long-run sustainability of the above scenario for the firm. Explain how graphs A and B would change in the long-run. (16

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