Answer the following questions based on the graph below: 4.1. Does the graph above pertain to a perfectly competitive firm or a monopoly? How can you tell? 4.2. What are the firm’s profit-maximizing...

Answer the following questions based on the graph below:

4.1. Does the graph above pertain to a perfectly competitive firm or a monopoly? How can you tell?

4.2. What are the firm’s profit-maximizing outputand profit maximizingprice?Briefly explain.

4.3. If the firm produces the profit-maximizing output, what is itstotal revenue?

4.4. If the firm produces the profit-maximizing output, what is itstotal cost?

4.5. If the firm produces the profit-maximizing output, what is its profit?