I am stuck at this question 2,3 and 4, but I recognized this is perfect competition market.

QUESTION 2 a} The diagram below shows the equilibrium of a rm. Answer the following questions. Revenue, Cost {RM} ii) 450 50\" Output (units) Based on the diagram. identify the market structure that the firm is operating in. Give a reason. (3 marks) Determine the prot maximizing quantity and the amount of total revenue for the rm. (2 marks) Calculate the prot or loss of this firm and state the type of profit experienced by the firm. (3 marks) List two (2} characteristics of this market structure. {2 marks)