Explain the profit, loss, and breakeven situation of a monopolistic firm .

11. Mention and explain two differences between monopolistic and perfect competition

III. March the products in Table 1 according to the firm type PRODUCTS CEMENT BEEF LOUS VITUM EGG TOMANTOES BRANDED SHOE TOOTPASTE TROTRO FEE TOOTPASTE COLGATE TAXI FEE MEAT Table 1: Products PERFECTLY COMPETITIVE FIRM MONOPOLISTIC FIRM QUESTION

What is the mid-point formula for calculating point elasticity?

(2 II. In your own words, explain the following a. price elasticity of demand

b. price elasticity of supply? ​