Fill in the Table with your answers for each of the market structures. also - Draw Graph for each Market Structure Below. Label demand, MR, MC, ATC curves.

Characteristics Perfect Monopolistic Oligopoly Monopoly Competition Competition 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 Oligopoly's Kinked Market Structure below Demand Curve Label Demand, MR, MC, ATC curves. Market Structure Comparisons