Compare the characteristics of pertect competition IC) and monopoly iM) based on the following: Questions 1. Bariers to entry. 2 maris) 2 Price control (2 maris. 3 Shape of the demand cune 12 marks) 4 The relationship befween Pand MR at profit maximising output (P is equal, below, or above MR). L marts) 5. ThreAIC port at profit marmising output minimum ATC or not minimum ATC). (2 marks]