Your answer to the homework has to be more than five sentences for each question based on researched facts and logical analysis. Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics? Q 2)" In monopolistically competitive markets, neither allocative nor productive efficiency is realized" explain. Q 3) Do you agree that companies under monopolistic competition can have a profit in the long run? If yes, why? if no, why not? Q 4) Contrast and discuss the individual demand curve and marginal revenue curve among perfect competition, monopolistic competition and Monopoly. Q 5) "in Kinked Demand curve theory" , if a company increases its price, how do its competitors react to it? If a company cut its price, how do its competitors react to it? Can you explain the shape of Kinked Demand curve