Please help me explain the questions in as much detail as possible and give examples (depending on the question's request). Thank you so much for supporting me.

Question 1: 2 marks If only one airline serves a town, does a monopolyr exist? What about competition from other services? Question 2: 3 marks Suppose that you are an orange grower. Would you expect the demand for your orange to be more elastic or more inelastic? Why? Question 3. 2 marks Mr Han Cook says that marginal cost is just a funny name for average total cost. What do you think about this idea? Question 4. 3 marks How price reaches equilibrium? Give an example