1. # of sellers, # of buyers
2. entry and exit conditions
3. product characteristics
4. short run P&Q determinations and the resulting 3 possibilities for excess profit (graphs are required)
5. which one of the above depicted SR (PIE) possibilities is the most typical in the LR? why?
![1083_Figure.jpg](https://secure.tutorsglobe.com/CMSImages/1083_Figure.jpg)