1:Two farmers, Pradeep and Praful, own similar plots of land in the outskirts of Pune.

Over season, they both plan to grow tomatoes. Pradeep has more resources at hand, he

decides to go for hybrid seeds and also make use of fertilizers and pesticides in his field.

Whereas, Praful is a subsistence farmer and he decides to go for organic farming.

In this backdrop, discuss:

a. the possibilities of differences in output for the two farmer's,

b. the pricing for their produce and

c. the eventual profits

You need to discuss these two farmers with respect to Perfect competition and Monopolistic

competition in both short-run and long-run.