more ECON 001 : Prin Of Economics | - Coson M. - SUMMER... 13155 Please answer the following questions: 1) List the five characteristics of pure monopoly. 2) Describe the demand curve facing a pure monopoly and how it differs from that facing a firm in a purely competitive market. 3) Explain why the marginal revenue is equal to the price in pure competition but not in monopoly. 4) Use the chart to solve the following: Calculate the Marginal Cost at Q 100? Calculate the Marginal Cost at Q 200? Calculate the Average Total Cost at Q 200? Q P=D TC 0 $30.00$3,000 100 $20.00$4,500 200$10.00 $6,500 as) f; E Ef El l5 il$1 55%|} llll'a