List the following characteristics of a market under perfect competition: The number and size of firms The availability of substitutes If there are barriers to entry or not Give an example of a company or firm

If the firms in a perfectly competitive market are making economics losses:

Which market structure often results in the highest level of deadweight loss?

In monopolistic competition firms engage in product differentiation to:

List the following characteristics of a market under monopolistic competition: The number and size of firms The availability of substitutes If there are barriers to entry or not Give an example of a company or firm

Which market structure is most likely to result in the highest level of economic profit for a firm in the long run?

Which market structure is characterized by the absence of any market power?

Oligopoly is characterized by:

The nurse is teaching a patient about the administration of Alendronate. Which of the following demonstrates that the patient understands?

A patient is prescribed glipizide. The nurse knows that which side effects/adverse effects may occur? (Select three that apply.)