Thank you in advance :)

Pat is the owner of a grocery store in a rural town. There are no substitutes for the products sold in his store for 300 kilometres.Assume demand for his products are linear.

Select the item from the list provided to make the following statements true:

1.Supply 2.Government regulators 3.Economic profits 4.Marginal revenue 5.Demand 6.Minimised 7.Deadweight loss 8.Differentiated 9.Marginal cost 10.Opportunity costs 11.Maximised 12.Market power 

Questions:

1) Pat's __________ curve is twice as steep as his demand curve.

2) The closer price is to __________ for products Pat sells, the smaller thedeadweightloss will be.

3) In monopolistic competition,the producers still have some degree of__________.