Fill in the corresponding answer for each market structure in the form:

Characteristics Perfect Monopolistic Oligopoly Monopoly Competiti Competition on Barriers to entry (Yes or No)? Many or few competitors? Price setter or Price taker? Identical or differentiated prod? Substitutes (Many, few or none)? What is the Relationship between Demand & MR curve (Is MR above, below or equal to Demand)? What is the Relationship between Price & MR curve (Is MR greater, less than or equal to Price)? Are there Long-run profits= +, - , 0 How Efficient is market (compared to other Market Structures)? Does Deadweight loss occur? Shutdown Price= Breakeven Price= Draw graph for each Market Oligopoly's Kinked Structure below. Label Demand Curve Demand, MR, MC, ATC curves. Market Structure Comparisons