Question: I need some help with these problems, thank you so much! Text Question 6.3 55 Question Help - A new government lottery has been announced.

I need some help with these problems, thank you so much!

Text Question 6.3 55 Question Help - A new government lottery has been announced. Each person who buys a ticket submits an integer between 0 and 100. The winner is the person whose submission is closest to two - thirds of the average of all submissions. If ties occur, the price will be shared. If Chloe expects other players to select numbers randomly, what number should she choose? Chloe should choose the number . (Enter your response rounded to the nearest whole number.)

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LO12.3 Explain how demand is seen by a pure monopoly.

1. Explain how the long run differs from the short run in pure competition. LO11.1

2. Relate opportunity costs to why profits encourage entry into purely competitive industries and how losses encourage exit from purely competitive industries. LO11.2