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Question 20: Towards the end of our class this semester, I provided you with a short summary (in a notational form) of the comparison of
Question 20: Towards the end of our class this semester, I provided you with a short summary (in a notational form) of the comparison of the market outcomes (including Q, P, and TT) in each market structure we have studied this semester. The summary included a comparison of Q, P, and T, denoting quantity, price, and profits, each of which having a subscript of Mon, Oli, and Com, denoting monopoly, oligopoly, and (perfect) competition, respectively (QMon, Qoli, and so on). In total, I provided three or four mathematical relations with inequality signs (i.e. "s" being "less than or equal to" or "2" being "greater than or equal to"). Which of the following set of inequalities provides a correct comparison of market outcomes of the different market structures? O Qoli S QMon Qcom | PMon = Pcom 2 Poli | IT Mon = TI com 2 IT Oli O Qoli 2 @Mon 2 Qcom | Poli = PMon S Pcom | IT Mon S TI com $ IT Oli O Mon Qali Qcom | PMon 2 Poli = Pcom | IT Mon = T oli 2 TI com O Mon Qali SQcom | PMon 2 Poli = Pcom | IT oli = TT Mon 2 IT com O QMon = Qoli 2 com | PMon $ Poli S Pcom | IT Mon T oli SIT com O QMon Qali Qcom | PMon 2 Poli 2 Pcom | IT Mon = TI com = IT Oli
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