Microeconomic Analysis practice questions:

Please see below:

0R0. Describe the impedance at mutual interdependence in an cligopoly industry. How does this industrial- firm strategy differ from a perfectly competitive industry model? OEQ1. Describe why a firm in an oligopoly is more likely to earn positive economic profit in the long-run as compared to a firm in a monopolistic competitive industryMEQB. Explain why price discrimination is not relevant in a perfectly competitive market model but is relevant in a monopoly market model