MASTER EXECUTIVE BUSINESS ADMINISTRATION Group: MEBA AB Subject: ECONOMICS Class: 4 JULY 2021 Assignment: Individuals Question 1: - Explain perfect competition and imperfect competition in economics point of View. :- Explain what is monopoly, duopoly, oligopoly and monopolistic. Question 2: 0 Build a demand n supply curve in one axis based on the data below: 0 Find the equilibrium of above market (price and quantity) 0 Based on new changes of technology, the quantity of supply has changed as below: Find a new equilibrium (price & quantity) based on changes of technology. Question 3: Suppose the quantity supplied S and quantity demanded D of T-shirts at a concert are S(p) = -200 + 50p and D(p) = 1000 - 25p Graph these two functions. . Find the equilibrium price and quantity . Determine the prices for which the quantity demanded is higher than the quantity supplied