nary ze a bus less owner's decision making regarding whether to enter a market. For example, what factors determined the driver's entry and exit into the market in the simulation? Use economic models to support your analysis. ] [ How does a business owner applying the concept of marginal costs decide how much to produce? For example, how did the driver determine how many hours to drive each day? Use economic models to explain.] [How does the impact of fixed costs change production decisions in the short run and in the long run? Use the average-total-cost (ATC) model included in the module reading chapters to demonstrate this impact.] Market Structures [Complete the table by selecting the appropriate response from the drop-down select menu within each cell, except for the final column in which you will enter your text-based response.] Market Number of Type of Price Price Formula Freedom of Short-run Long-run Industry Examples Structure Firms Product Sold Taker? Entry? Profit? Profit? Perfect Choose an Choose an Choose Choose an Choose an Choose an Choose an [Insert two to three example Competition item. item. an item. item. item. item. item. industries that meet the criteria of the market structure.] Monopolistic Choose an Choose an Choose Choose an Choose an Choose an Choose an [Insert two to three example Competition item. item. an item. item. item. item. item. industries that meet the criteria of the market structure.] Monopolies Choose an Choose an Choose Choose an Choose an Choose an Choose an [Insert two to three example item. item. an item. item. item. item. item. industries that meet the criteria of the market structure.] Oligopolies Choose an Choose an Choose Choose an Choose an Choose an Choose an [Insert two to three example item. item. an item. item. item. item. item. industries that meet the criteria of the market structure.] Table 4.1