I need help with these asap

D Question 8 3 pts Question 11 3 pts If barriers to entry are high and the products being sold are very different (not close substitutes), then (hint: think about which market structure it would resemble with the given Price characteristics) and MC Cost ATC the industry is probably monopolistically competitive. AVC the industry will look like monopoly O the industry is probably perfectly competitive. $5 |- the industry is probably a differentiated monopsony. SA D Question 9 3 pts Quantity A perfectly competitive firm would be making negative profits if the price is Which of the following is true for profit-maximizing firms operating in a competitive market, monopolistic competition, and monopoly? below $5 but above $4. O Firms earn zero economic profits in the long run. O above $5 Firms earn positive economic profits in the long run. anywhere below $5. Profits are maximized when marginal cost equals marginal revenue. O below $4. Price equals marginal revenue. D Question 12 3 pts Economists typically measure the likely level of oligopoly power present in an industry by calculating the Question 10 3 pts competition ratios. If there are only a few companies in an oligopoly, the total quantity of the good they produce concentration ratios. jointly will likely be the total quantity on the market if the market were perfectly reserve ratios. competitive and the total quantity on the market if the market were controlled by a O capital ratios. monopoly. greater than; less than D Question 13 3 pts O less than; less than Firms in this market structure are likely to advertise because they need to differentiate O less than; greater than themselves from the other firms in the market. O greater than; greater than oligopoly, perfect competition, and monopolistic competition O monopolistic competition perfect competition and monopolistic competition 3 pts perfect competition and monopolistic competition