Answer This questions only if you are sure if the Answers,,thenk you.

1, "monopolies are the most efficient forms of market stractures because they make the "highest profit"

Discuss this statement.

Fill in the blanks: Monopolies operating in perfectly markets are in danger of being out of the market by new firms. As a result, they will keep prices , make profits and produce as as possible.Determine all the stationary distributions for a Markov chain with transition matrix: 0 0 0 1/2 0 P = 0 0 0 y/'S 0 [5]