Please solve all the question quickly. Within 40 min. please It's very urgent

Question 1: Mark the following with True (T) or False (F), and briefly explain the reason {word limit: 25 words for each answer}. {2.5 marks x 4 = 10 marks] 1) In a perfectly competitive market, there is no non-price competition. 2) In the long run, a monopolistically competitive firm can earn a positive accounting profit. 3) If a monopolistically competitive firm's marginal cost curve shifts upward, then its level of output will increase. 4) In long-run equilibrium, a firm in monopolistic competition earns a positive economic profit, but the economic profit is less than it would be if the firm was a monopoly. Question 2: Short questions (word limit: 25 words for each answer) (5 marks x 4 = 20 marks] 1) Why perfect competition is more efficient than monopolistic competition? 2) How is the demand curve faced by a monopolistic firm different from the demand curve for a monopoly? 3) Would you expect advertising agencies to exist in a perfectly competitive market? 4) Why a monopolist will never produce a quantity at which the demand curve is inelastic. Question 3: Briefly explain two ways through which the government can respond to the problem of monopoly. (Word limit: 25 words for each policy). (2.5 marks x 2 - 5 marks] Policy 1: Policy 2: Question 4: In reference to the assumptions for a perfectly competitive market, explain why the stock market is very close to being a perfectly competitive market. (Word limit: 50 words) {5 marks]