AutoSave On ES Assignment #2(3) . Saved Search (Alt+Q) Aarish Khurana File Home Insert t Draw Design Layout References Mailings Review View Help Comments Times New Roman v 12 A/ LO Paste BIUal X Styles Editing Dictate Sensitivity Edito Reuse A LA Aa Files Undo Clipboards Font Paragraph s Styles Voice Sensitivity Editor Reuse Files 3 Downward sloping demand curve or AR curve 4 Horizontal demand curve 5 Upward sloping total revenue curve 6 Firm is a price maker 7 AR = MR = Price 8 Atomistic competition 9 Single seller, many buyers 10 Patent rights 11 Barriers to entry 12 Firm is a price taker Monopoly Perfect competition Focus 1 0 1254 words X English (United States) Accessibility: Investigate acer feel woDem kqHome Insert Draw Design Layout References Mailings Review View Help Comments Share Times New Roman v 12 O Paste BIU X2 LO tyles Editing Dictate Sensitivity Editor Reuse A L Av Aav A A Files Undo Clipboard Font Paragraph Is Styles Voice Sensitivity Editor Reuse Files Q5 Important differences exist between perfect competition and monopoly markets. Show your understanding of these differences by listing the following terms under the particular type of market structure. Enter appropriate number only under the specific type of market. 5 marks 1 Very large number of buyers and sellers 2 No close substitutes 3 Downward sloping demand curve or AR curve 4 Horizontal demand curve 5 Upward sloping total revenue curve 6 Firm is a price maker 7 AR = MR = Price 8 Atomistic competition 9 Single seller, many buyers 10 Patent rights 11 Barriers to entry 12 Firm is a price taker I Monopoly Perfect competition Focus - + 110% 1254 words X English (United States) Wx Accessibility. Investigate feel acer wosem ka e d's S P N Prt Sc Pause Br Insert Delete F11 Suppr. F9 F10 Imprecr. Interr. A