1) describe each market structure and discuss two of the market charactistics of each market structure.
2) describe how high entry barriers into a amrket will influence long-run profitability of the firms.
3) explain the competitive pressures that are present in markets with high barriers to entry.
4) Explain the price elasicity of demand in each market struture and its effect on pricing of its products in each market.
5) describe how the role of the government affects each market structure’s ability to price its products.
0 Discuss the effect of international trade on each market structure.