1 Describe or interpret the demand curve of a purely competitive firm Interpretthe supply and demand curve of the whole purely competitive market What conditions might give rise to pure monopoly Give 3 monopolistic competitive firms and identify their competitive and monopolistic elements Distinguish pure oligopoly from differentiated oligopoly

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1. Describe or interpret the demand curve of a purely competitive firm. Interpretthe supply and demand curve of the whole purely competitive market. What conditions

1. Describe or interpret the demand curve of a purely competitive firm.

Interpretthe supply and demand curve of the whole purely competitive market.

What conditions might give rise to pure monopoly?
Give 3 monopolistic competitive firms and identify their competitive and monopolistic elements.
Distinguish pure oligopoly from differentiated oligopoly.

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