1.What would the minimum efficient scale for a good that is beyond the point of output where marginal cost intersects the demand curve be considered? [would it be like diseconomies of scale,market power, a legal monopoly, comparative advantage,a natural monopoly ?]

2. If a firm is operating in monopolistic competition and is maximizing its profit and earning positive economic profits. What would be occurring to its production??? [price is equal, grater or less than ATC at the quantity where marginal revenue equals marginal cost? or how?]

3.If there is a firm that is monopolistically competitive in long-run equilibrium then what? [The product price = ATC? , allocative or productive efficient?, positive economic profits? output quantity is where MC = D?]

4.If Lila discounted, and Mirna did not discount, what would each earn in yearly income?

Company R Company T Retail outlets No retail outlets Retail outlets $25, $25 $30, $15 No retail outlets $35, $35 $34, $20