1. What are the conditions for a monopolistic market, monopolistic competitive market, oligopolistic market And how would you explain the differences among these market structures?
2. market structure has five criteria that are met, why are these conditions necessary for a purely competitive market?
3. What conditions exist when economics profits are maximized?
4. What is the difference between economic and accounting profits?
5. How could you graphically illustrate economics profits made by a perfectly competitive firm, a monopolist firm, and a monopolistic competitive firm?
6. True or false? Game theory is inconsistent with supply/demand analysis. Explain your answer.
remember these are just discussion question 100-120 words for each question