Q 1. List all of the characteristics of a Monopoly - 30 points. 2) Using DeBeer's Diamonds, Graph a Monopoly showing the Price, Quantity, Demand, MR, ATC, MC and Profit for Diamonds. 30 points 3) Compare and Contrast the Price, Quantity, ATC, Profit for a Monopoly and a PC firm. Who has a higher price, quantity, ATC, and profit? Who is more efficient and why? 40 points

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