Question 5(Marks: 20)

Q.5.1

Identify any five examples of industries operating under conditions of monopolistic competition and outline any of their salient features to justify your selection.

You will receive more marks for your own original examples than for examples in your textbook, from your lecturer, or onLearn.

(10).

Q.5.2.

Explain, with the aid of a graph, the short ru.n equilibrium position of a firm operating in the monopolistic competitive market structure"..

Marks will be awarded for your ability to integrate theory with the scenario provided..