Question: Q#1 What is the difference between balanced technology and capital intensive technology? Q#2 What is the relationship between Marginal cost and Average Variable cost? Q#3

Q#1 What is the difference between balanced technology and capital intensive technology?

Q#2 What is the relationship between Marginal cost and Average Variable cost?

Q#3 What is the Primary difference between Monopolistic competition and Perfect competition? Defend your answer with examples.

Q#4 Why Perfect competition is the most efficient market structure ? (Note: Defend your answer with the perspective of quantity of production, Price , Average cost and number of firms)

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