Question 1 demonstrate your knowledge of the oligopolistic

Question

Question 1: Demonstrate your knowledge of the Oligopolistic market structure by completing the following points.

1. Define the Oligopolistic competitor
2. Describe and/or analyze graphically the firm's profit-maximizing,Break-even and shut-down conditions
3. Describe the short and long run market conditions

Question 2: Demonstrate your knowledge of the Monopoly market structure by completing the following points.

1. Explain the monopolist
2. Describe and/or analyze graphically the firm's profit-maximizing,Break-even, and shut-down conditions
3. Describe the short and long run market conditions
4. Explain what a "natural monopoly" is
5. Describe limits on monopoly power