(b) In Eggy Country, there are many chicken eggs sellers and many consumers buying chicken eggs. All chicken eggs sellers sell exactly the same type of eggs. (i) Identify the type of market structure that the chicken eggs sellers are in. (1 mark) (ii) Draw a fully labelled long-run firm economics diagram, showing the marginal revenue curve, marginal cost curve and average total cost curve. (2 marks) (iii) From the long-run firm economics diagram, explain whether a firm is productive efficient and allocative efficient? (2 marks) (iv) In the long run, what is the relationship between price and marginal cost, between price and marginal revenue, and between price and average total cost? (Note: these can be deduced from the long-run firm economics diagram in your answer in (ii) above.) (3 marks) (c) Monopolies are great for companies as such companies enjoy the benefits of an exclusive market with no competition. Consumers usually frown on monopolies. (i) State ONE (1) legal barrier of entry and ONE (1) natural barrier to entry in a monopoly market. (2 marks) (ii) Explain what a natural monopoly is. Explain whether natural monopoly is good for consumers. (3 marks) (iii) Explain whether a single price monopoly is productive efficient and allocative efficient? (2 marks)