7. In the far north there is only one business that offers fresh cheese. . What market structure does this represent and why? (2 Marks) b. Can this business charge any price they want? what is the demand curve for this business? (2 Marks) 8. Which of the following would be considered a short run (identified as SR) or long run (identified as LR) adjustment to a firm? Write either SR or LR in the space provided. (4 marks] A large provincially regulated insurance company places an order for 4 new cell phones and & new computers for offices needing replacements across saskatchewan. Over the last few years ABC company has opened 25 new stores and expanded into the international market. A farmer decides to replace 2 combines and one swather for next years harvest. She anticipates it will be a huge improvement to her speed with harvesting. A cat toy manufacturer hires a plastics designer on a 6-month contract to create 30 molds for their new product lines coming out in the next year