Compare the characteristics of perfect competition (C) and monopoly (M) based on the blowing. Questions 1. Barriers to entry. [2 marks] 2. Price control (2 marks) 3. Shape of the demand curve. (2 marks 4. The relationship between P and MR at profit maximising output (P is equal, below, or above MRI. (2 marks} 5. The ATC point at proft maximising output (minimum ATC or not minimum ATC). (2 marks) Clearly label each of your answers in the text box below