(Answered) 1 draw lorenz curve and briefly describe it2 briefly graph

Economics

1. Draw Lorenz curve and briefly describe it.

2. Briefly, graph and describe monopoly market structure.

3. Is describe oligopoly market structure (provide a real life example)oligopoly market structure (provide a real life example)

4. Draw and describe industry's graph and a single firm's graph in a perfect competitive market. The graphs must show positive economic profit for the single firm. You need to draw the two graphs side by side.

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