1.) Name the 7 Barriers to Entry in a Oligopoly Market. Are barriers to entry Low, Moderate or High in an Oligopoly Market? Why ?

2.) What is Game Theory (definition)? How does Game Theory apply to an Oligopoly Market?

1. Are Concentration Ratios Low, Moderate or High in a Monopolistic Competitive Market? Explain why its low, moderate or high.
2. Explain how Monopolistically Competitive Firms develop A.) Market Power and B.) Firm's Control over Price. Also, describe and explain The Shape of the Monopolistic Competitive Firm's Demand Curve.
3. What is an Export (Definition)? Give an example of an exported product from the United States. What is an Import (Definition)? Give an exampleof an Imported product to the United States.

3.) If an Oligopolist knows Rivals will match a Price Cut, would it ever reduce its Price? Why or Why Not ? Explain your answer. [Please be detailed in your answerand use Economic Concepts and Termsof Oligopoly]