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Refer to Figure 1 above, this firm should be categorized under which market? Justify your answer. (3 marks} identify the profit maximization for output and

Refer to Figure 1 above, this firm should be categorized under which market? Justify your answer. (3 marks} identify the profit maximization for output and price for this firm. (2 marks) Calculate the total revenue, total cost, profits, or loss earned by this firm. (3 marks) What is the total fixed cost for this firm? (2 marks)

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