Question: Range Rover is a luxury car with headquarters in Whitley Coventry, United Kingdom. The brand Range Rover, is a line of vehicles owned British brand, Land Rover. Other brands that make up the parent company include Jaguar Land Rover. Currently, the brand is owned by Indian automaker, Tata Motors. Range Rover, the brand of Land Rover operates in major cities of Australia with headquarters in North Ryde, New South Wales. Required: Assume the figure below represents the short run cost curves for Range Rover in Melbourne and answer the questions that follow. a. Use two characteristics to explain the market structure for Range Rover.