1. Draw Lorenz curve and briefly describe it.
2. Briefly, graph and describe monopoly market structure.
3. Is describe oligopoly market structure (provide a real life example)oligopoly market structure (provide a real life example)
4. Draw and describe industry's graph and a single firm's graph in a perfect competitive market. The graphs must show positive economic profit for the single firm. You need to draw the two graphs side by side.