art 1 How many competitors or potential competitors would you expect a producer of cotton swabs to have? What type of product (i.e. differentiated or homogeneous) is cotton swabs? Explain. Part 2 Based on your previous answers, what general market structure best fits the cotton swab industry? Explain. Part 3 Is it possible to determine what would happen to the market price and market quantity if the barriers to entry (if any) in this market begin to erode? If so, what do you expect to happen? Part 4 Is it possible to determine what would happen to the market price and market quantity if there is an increase in market demand and a simultaneous increase in production costs? If so, what do you expect to happen