PLEASE provide a clear and in detail answer to this question AND PLEASE DO NOT COPY AND PASTE THE PREVIOUS ANSWER.I REQUEST IN DETAIL ANSWER

In your answer use the tools and models that we have used to explain the behavior of firms in the different market structures.

PLEASE while answering the questions relate the questions to pure Competition and monopoly market in the paper.

first identify the maximum, profit and minimum loss which is equal to marginal cost and marginal revenue

second identify allocative productive efficiency

After the outbreak of Covid in the US in 2020, many businesses were forced to close temporarily. When they were given permission to re-open, it was d only for a limited amount of time or to offer a deliver or pick up service. Your task is to explain:

1: the conditions under which it would make sense for a firm to begin production again

2: the conditions under which it would make sense for a firm to think about shutting down permanently.