1) Consider the four market structures. In which market structure are there many firms producing differentiated goods?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

2) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) will we see firms that are generally not considered competitive and may have a large amount of market power to set their own prices?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

3) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

Entry barriers are seen in which market structure(s)?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

4) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) are there most likely to be large economies of scale?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

Is Property 2 of the definition of a probability density function over the given interval now verified? Choose the correct answer below. O A. Property 2 of the definition of a probability density function over the given interval has been verified since the expression in the previous step equals b. O B. Property 2 of the definition of a probability density function over the given interval has not been verified because the expression in the previous step does not equal the expected area value. O C. Property 2 of the definition of a probability density function over the given interval has been verified since the expression in the previous step equals a. O D. Property 2 of the definition of a probability density function over the given interval has been verified since the expression in the previous step equals 1.5 QUESTION 7 Use derivative rules to find y', and use it to calculate y' at the given x. Enter only y' at the given x in the answer box. P=12 4x, x =16 QUESTION 8 Use derivative rules to find y' and use it to calculate y' at the given x. Enter only y' at the given x in the answer box.2. For each of the following sets (in the metric space R), mention if it is open, closed, both, or neither. Also, for each set A that is not closed, write down What its closure Z is: (0:1)U{2} Q 0 1R Q.2) ( Maxwell-Boltzmann statistics ) A classical system with co many levels in contact with heat reservoir, each level having a probability Pn = Ae , where A is a constant. Use the Boltzmann definition of entropy to derive the entropy of this system. Hint: Use the properties of the geometric series and the fact that re' = ger Vr