answer question 10 below

Question 10 [6] Perfect competition occurs when none of the individual market participants (buyers & sellers) can influence the price of the product. Under perfect competition marginal revenue (MR) and average revenue (AR) are thus both equal to the market price. 10.1. The situation in which a firm makes an economic profit is identified as one of the possible short-run positions of a firm under perfect competition. 10.1.1. Illustrate the given short-run position and explain the situation with reference to your graph. (6) Question 11 [8] The behaviour of a firm depends on the features of the market in which it operates. With reference to the criteria below, identify a relevant Monopoly in South Africa and explain how the selected firm aligns with the market criteria for a Monopoly