Need well structured and extremely detailed answers to all the following questionsWrite the answers in a sequence like 1-, 2- etc

I. a. Discuss the features of monopolistic competition. b. Derive the long run equilibrium position of a firm in the industry. c. Point out the elements of monopoly and competition in this form of market. (2+5+3) 2. a. Explain breakeven point. b. A firm need not always shut down if it earns a loss- Explain. c: Derive the supply curve of a perfectly competitive firm. (2+4+4) 3. a. What is monopoly power and how is it measured? b. Discuss the equilibrium of a monopoly firm exhibiting monopoly power and show the existence of the monopoly power. (4+6) 4. a. Discuss the various forms of pricing practiced in an imperfectly competitive market