Question: Question 4.1 to 4.2 is based on the diagram below relating to market structures. 4.1 List the order of the market structures starting from left

Question 4.1 to 4.2 is based on the diagram below relating to market structures.

4.1 List the order of the market structures starting from left to right. 8 Mark question

4.2 Explain, choosing the ONE relevant diagram between Diagram A and Diagram B below, the long-run profit maximizing position of firms in the fourth market structure. (Read the order of the market structures from left to right) 7 Mark question

Question 4.1 to 4.2 is based on the diagram below relating to

The Spectrum of Competition Many firms Many firms Few firms One firm

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