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Part II : Write detail answers to the following. 1. What are the distinguishing characteristics of a perfectly competitive and pure monopoly market structure? 2. List as many potential causes/sources of a monopoly as you can. 3. What factors determine the amount of monopoly power an individual firm is likely to have? 4. Describe the three attributes of monopolistic competition. How is monopolistic competition like a monopoly ? How is it like a perfect competition?

Calculate this company's a) total income. b) total expenditure. c) profit. Description & Money in & Money out Sales - Monday & £ 20.00 & Wages - cleaning staff & & £ 120.00 Stall hire fee & & £ 50.00 Sales - Tuesday & £ 35.00 & Supplies - paint & & £ 4.00 Sales - Wednesday & £ 15.00 &

A bank statement is shown below. Work out the missing balance. Date & Description & Money in & Money out & Balance multicolumn(5)(|c|)( Previous balance ) & £ 140.00 10 August & Salary - CT retail & £ 1000.00 & & £ 1140.00 19 August & Rent & & £ 250.00 & £ 890.00 25 August & Electricity & & £ 90.00 & £ 800.00 31 August & Water & & £ 30.00 & £

The 50/30/20 rule describes how much a person should be budgeting for their needs, wants, and savings. Which of the following expenses is a need according to the 50/30/20 rule? Choose 1 answer: A travel fund B gym membership (B) C cable TV subscription D rent or mortgage

In relation to fire extinguishers all staff should __ C Know where extinguishers are and only use them if they feel confident Use the nearest extinguisher available, regardless of the type of extinguisher