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Characteristics of a competitive market

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Hi, Can anyone please answer these questions so I can compare my answers:

  1. Relative to the demand curve, what does MR look like for a perfectly price discriminating monopolist.
  2. Can a price discriminating monopolist make more profit when it uses more prices or fewer prices?
  3. What conditions are necessary for a firm to price discriminate?
  4. Can a firm in a competitive market discriminate among buyers? Can a firm in a monopolistically competitive market?
  5. Do monopolistically competitive firms produce at minimum of ATC? Why or why not?
  6. Compare MR and AR for a monopolistically competitive firm.
  7. Are monopolistically competitive markets inefficient in all ways?
  8. Discuss the price and quantity effects for a firm in an oligopoly. How do they change as the number of firms changes?
  9. Is there more or less incentive to cheat if there are many firms in a cartel?
  10. Compare and contrast the characteristics of a competitive market, monopoly, monopolistic competition, and oligopoly.

Reference no: EM131586937

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