Question: Please answer the following questions: 1) List the five characteristics of pure monopoly. 2) Describe the demand curve facing a pure monopoly and how it

Please answer the following questions:

1) List the five characteristics of pure monopoly.

2) Describe the demand curve facing a pure monopoly and how it differs from that facing a firm in a purely competitive market.

3) Explain why the marginal revenue is equal to the price in pure competition but not in monopoly.

4) Use the chart to solve the following:

Calculate the Marginal Cost atQ100?

Calculate the Marginal Cost atQ200?

Calculate the Marginal Cost at Q 300?

Calculate the Average Total Cost atQ100?

Calculate the Average Total Cost at Q 200?

Calculate the Average Total Cost at Q 300?

Please answer the following questions:1) List the five characteristics of pure monopoly.2)

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