. No firm should earn an economic profit.2. Monopolists always charge the highes
. No firm should earn an economic profit.2. Monopolists always charge the highest price possibleand earn short run economic profits.3. The defining characteristic of oligopoly is that each firm is mutually interdependent.4. A firm should shut down in the short run if price is less than average fixed costs.5. A price discriminating monopolist charges the same price to everyone. (Be sure to point out that a price discriminating monopolist must be the only seller in the market.)6. There is no reason for a firm in a monopolistically competitive market to advertise and advertising has nothing to do with promoting non-price barriers.I need a explaintion on each topic . This is due at 11am friday. This is for 4 points and I need them all.
Students are often burdened with the task of writing essays. They need to master various academic topics, understand how to integrate facts and arguments, and organize all of this information in a clear and logical way. This is not an easy task for many students. But fear not! We’ve got your back. Here at MoreEssays.com, we offer professional academic help that can take on all these tasks on your behalf. All you need to do is fill out the Order form with your paper’s details, and we will get started on it right away!