Price (RM) MC AC AVC : DD = MR =AR 200 QUE.IHL'IW ' (unit) 180 Identify the type of market structure the firm is operating in. Justify your answer. . What is the profit maximizing price and output for this firm? Is this firm operating in the short run or long run? Calculate the amount of profit or loss at the equilibrium point. State the type of profit. Determine the value of average variable cost at the profit maximising level of output. Is this firm forced to shut down the operations? Justify why