QUESTION 4 The diagam below shows, the cost and revenue conditions of a rm. bl Priee {RM} {units} Identify the market structure this rm is operating in. Lapel curve A, B and c. [4 marks} Determine the prot-maximizing price and quantity of the rm. [3 marks] Calculate the total pret at equilibrium. State the type of prot the rm is earning. Justifyr your answer. {4 marks] Should this rm continue or shut down its operation? Give a reason. [3 marks] State three {3) characteristics of this firm. [3 marks]