• What do we mean by monopoly and give me simple example?
• What do we mean by oligopoly and give me simple example?
• What do we mean by natural monopolies and give me simple examples?
• What do we mean by government monopolies and give me simple examples?
• What do we mean by market power and give me simple examples?
• What do we mean by predatory pricing and give me simple examples?
• what does equity in market efficiency mean in a simple way with examples?
• what are the three insights concerning market outcomes?
• In which case implicit cost is bigger than explicit cost?
• What do we mean by total revenue?
• What do we mean by total cost?
• What do we mean by explicit cost with examples?
• What do we mean by implicit cost with examples?
• In which case the economical profit is larger than accounting profit?

Note: All answers should be written in a simple way with simple English language and vocab (only 1 line answer as possible to the point) not accepting long answers