Look carefully at this chart. Notice that I have providednumbers for quantities but not for the price per unit.After each question I ask "How can you tell?" The answerto "how can you tell?" is the most important part of thequestion. In each case, be sure to explain your answerbased on what you see in this chart. Again, "based on whatyou see in this chart". Each part of the question is worth3 points: 1 for the answer and 2 for the explanation.This question has 6 parts.Part a. Is this an example of Pure Competition? How can you tell? Type your answer and explanation here: Page 2Part b. What is "Line A"? How can you tell? Type your answer and explanation here:Part c. What is "Line B"? How can you tell? Type your answer and explanation here:Part d. How many items will the supplier produce? How can you tell? Type your answer and explanation here:Part e. Is there an Economic Profit or Loss? How can you tell? Type your answer and explanation here:Part f. Can this profit level (part e) be kept up in the long run? What is likely to happen? Why will it happen?.Type your answer and explanation here:

ATC MR Price/Unit AVC Line A Line B 0 30 60 90 120 150 180 210 240 270 300 330 360 390 420 450 480 510 540 570 600 Quantity There are 6 parts tothis