Question 1 Part a:Based on these charts, is this a Competitive Monopoly? Howcan you tell?Type your answer and explanation here:Question 1 Part b:How many items will the company produce in Case 1? Howmany in Case 2? How can you tell?Type your answer and explanation here:Question 1 Part c:Which company, Case 1 or Case 2, is making the most profit?Even without numbers on the Y axis, how can you tell?Type your answer and explanation here:Question 1 Part d:Which company, Case 1 or Case 2, operating moreefficiently? How can you tell? Please explain carefullyand in detail.Type your answer and explanation here:

Look at these two charts: Case 1: MC ATC D AFC MR Quantity (Millions) Case 2 Quantity [Mvulions