Eva ONDONGO NGALA: Attempt 1 ge 1: Question 2 (5 points) Match the term that best fits with each statement. 1. Based on its total revenue and total cost curves, a perfectly competitive firm can calculate the quantity of output that will O provide the highest level of profit 2. Allocation efficiency holds when firms produce at the quantity level where price equal to marginal cost. m are the legal, technological, or market intellectual property forces that discourage or prevent potential competitors from entering a market. natural monopoly Economists call the situation when economies of scale are large relative to barriers to entry the quantity demanded in the market, a i V 5. Taken together, we call the combination of patents, trademarks, copyrights, and trade secret law MacBook Pro