1. Look at this list of industry characteristics: (8 points) A. A large number of small firms. B. A small number of large firms. C. Only one firm. D. A firm has no influence on the market price. E. A firm has little influence on the market price. A firm has substantial influence on the market price. G. A firm has total influence on the market price. H. There are no barriers to entry into the industry. I. There are substantial barriers to entry into the market. J. There are insuperable barriers to entry into the market (at least in the short run). a. Which characteristics apply to a Perfectly Competitive industry? (List the letter of all characteristics that apply here.) b. Which characteristics apply to a Monopolistic Competitive industry? (List the letter of all characteristics that apply here.) C. Which characteristics apply to an Oligopoly industry? (List the letter of all characteristics that apply here.) d. Which characteristics apply to a Monopoly industry? (List the letter of all characteristics that apply here.)