1. Can you offer an explanation for this observation if most cases of price discrimination involve services rather than goods?
2. Explain how is monopolistic competition like monopoly? How is it different?
3. Compare and distinction the perfect oligopoly and competition.
4. Completely competitive firms are called price takers. What does this mean? Why are they price takers?
5. Explain the types of barriers to entry, and explain whether each type is likely to provide long-term monopoly power. What are the a locative and the distributive differences among the monopoly and perfect competition? What causes these differences?