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1. Describe? ?what? ?the? ?characteristics? ?of? ?a? ?cartel.? How? ?does? ?a? ?cartel? ?function? ?within? ?the market?? ?Why? ?do? ?cartels? ?exist?? ?What? ?is? ?the? ?weakness? ?of? ?a? ?cartel?

?2. ?What? ?are? ?the? ?four? ?market? ?structures? ?in? ?which? ?a? ?business? ?can? ?function?? ?Which? ?two? ?of ? ?these? ?structures? ?lend? ?themselves? ?to? ?have? ?heavy? ?advertising? ?within? ?the? ?structure?? ? ?Why ? ?would? ?this? ?be? ?the? ?case?

?3. ?If? ?you? ?run? ?a? ?business,? ?is? ?it? ?in? ?your? ?best? ?interest? ?to? ?sell? ?as? ?much? ?of? ?your? ?product? ?as ?possible?? ?Why? ?or? ?why? ?not?

4. What? ?is? ?the? ?common? ?feature? ?of? ?profit? ?maximization? ?with? ?all? ?four? ?market? ?structures? ?as? ?it relate? ?to? ?the? ?values? ?of? ?Marginal? ?Cost? ?and? ?Marginal? ?Revenue??

5. Explain? ?what? ?is? ?met? ?by? ?"price? ?matching"? ?with? ?firms? ?that? ?operate? ?in? ?an? ?oligopoly?

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