1. In terms of an individual Firm\'s Deadweight loss in the LR, match the Market
ID: 1118922 • Letter: 1
Question
1. In terms of an individual Firm's Deadweight loss in the LR, match the Market Structure with its Deadweight Loss
A. Some
B. None
C. Large
D. Large<---->None
2. Match the Different Market Structures with the correct description of the Barriers to Entry in the Industry
A. Moderate
B. None
C. High
3. Match the Different Market Structures with the best description of the LR profits in the Market Structure
A. Positive
B. Zero
_ Monopoly _ Oligopoly _ Monopolistic Competition _ Perfect CompetitionExplanation / Answer
Deadweight loss for monopoly is large, perfect competition is none, oligopoly large, monopolistic competition will be some.
Barriers to entry
Monopoly, Oligopoly - High,
Perfect competition - None.
Monopolistic competition -moderate
LR profits
Monopoly - Positive
Perfect Competition, Monopolistic competition- none
Oligopoly- Positive
Oligopoly
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