10) According to the model seen in this course, a company will shutdown, when price level is below the minimum AVC. What is the explanation behind this outcome? 11) Choose a market. Write whether you think free entry and exit condition is met in that market. Explain your view. 12) Write a sector in which you think HHI is rising, in your country, or a country you choose. Explain your view. 13) Compare long run outcome of a market with perfect competition and a market with monopolistic competition. 14) In case there is natural barrier preventing new companies entering to a market with monopoly, explain how exactly the natural barrier prevent the potential new producers. If you think it would be more convinient, you may describe the case for a specific sector. 15) Draw a monopoly that is making loss. Choose one of the three variables AVC, AFC and Demand. Assume change in the variable you choose make your monopoly to make profit. Show on a single graph, with AVC, AFC, Demand and SRATC this case. You don't need to draw MC and MR but you can draw them if you want. Note however whether the company is making profit or loss is actually visible without them