Consider the following image depicting enzyme behavior. 
Which of the following correctly characterizes the components of this model?
Definitions:
Non-collusive Oligopolist
A firm in an oligopoly market structure that independently sets prices and output levels without secret agreements with competitors.
Marginal Cost
The increase in cost that comes from making one more unit of a product or service.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market supply equals demand.
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