market structure: perfect competition and monopoly

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F R O R O W F Q A U Y Y G S S W B N M A I
T J S S R Q Y Y G E T S Q T L A Y P Y R O
W L F C U S P F M O Y V Y N A Y V Y P M F
C B T N P P E O V T G X U S X X K A M O G
M J S B T T R J D E S U V M C V I P V U S
R M H R F D F G B O H M E R T X U V N C K
M C M J J O E U Y X S X N I A L R K K D N
B Y M I U N C A D L G W X F R T P G V B S
U M T J R U T O X I Y P W W A G B E E L L
D B L A P G L T M B L P N E E O R F E N P
N Y S K T L Y P P G N K C N C P A X A O N
V R Q K L R E T U F G O R F I U N U V R Y
M G X L T B L E Y P C P B O R A D Q I G I
N E E B X P A H B S O Q T Y P N L D G D Y
O T K F N H S P H C B G S R E H O P R C K
K D N N I I T L J R N X O T R V Y F F T G
P N R A K P I L K R M X E N E M A H T P F
L G M B F T C V T O X Q T E H Q L F X N C
W W C R O P Y D B E L I Y N W Q T T T S N
D G B R V V W F U D I X V D B V Y B Y J F
M I X U L R K U I I S Y B A I B S U F J M

Clues

  • M- in a NM what acts as a barrier to entry? (3)
  • MC- why is there some scope for influencing price? (5, 7)
  • PC- at what point would the firm just make normal profits? (5, 5, 5)
  • PC- how does it decide how much to produce?` (4)
  • PC- how is the long run equilibrium reached? (5, 2, 3, 5)
  • PC- what shape is the demand curve? (9, 7)

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