please answer all questions

1.How does the marginal revenue (MR) look like? Is MR greater (above) than the price (remember the price is the demand curve), less than the price (below that the demand curve), equal to the price (the demand curve)? Choose one. Graph the demand curve and the marginal revenue on one graph.

2.If the price is less than ATC, does the monopolist make profit, lose or break even? Choose one.

3.. If the price is equal to ATC, does the monopolist make profit, lose or break even? Choose one.

4.. If the price is greater than ATC, does the monopolist make profit, lose or break even? Choose one.

5.. How does the supply curve for a monopolist look like? (Upward sloping, a point obtained by equating MC and MR.)

6.. How does the demand curve for a monopolistic competitive firm looks like? Graph it.

7.. How does the MR line look like? (Downward sloping, horizontal, or vertical)?

8.. Is the MR equal, below, or above the demand curve? Choose one.

9.. Is the demand curve for a monopolistic competitive firm flatter or steeper than the demand curve for a monopolist?

10.. If the price is less than ATC for a monopolistic competitive firm, Does the firm make profit, loss, or break even? Choose one.

11.. If the price is greater than ATC, Does the monopolistic firm make profit, loss, or break even? Choose one.

12 Does the monopolistic firm make profit, losses, or zero economic profit in the long run? Choose one.

13 Compared to a pure competitive firm in the long run, a monopolistic firm will charge higher or lower price? Will produce more or less; have more less economic profit that is equal to what? Give a number for economic profit for both pure competitive firm and monopolistic competitive firm.