Please solve these questions. It's for my assignment.

Question 1: Mark the following with True [T] or False [F], and briey explain the reason {word limit: 25 words for each answer}. {2.5 mark: Jr 4 = 1a marks} 1] In a perfectly competitive market. there is no nonprice competition. 2] In the long ru n. a monopolistically competitive rm can earn a positive accounting prot. 3] If a monopolistically competitive rm's marginal cost curve sh ifls upwa rd. then its level of output will increase. 4] In lo ng-run equilibrium, a firm in monopolistic competition earns a positive eCDnomic prot. 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 at 4 = 1n rna rlrs} 1] Why perfect competition is mo re 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: Briey explain two ways through which the government can respond to the problem of monopoly. [Word limit: 25 words for each policy]. {2.5 marks I 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}