Questions: 1. In a perfectly competitive market there are

Questions:

1. In a perfectly competitive market there are conditions where companies must leave the market if the cost and revenue curves are in one particular condition. What conditions do you mean? And if you are a company manager in these conditions, what managerial steps do you take?
2. By considering the characteristics and strategies of companies in the monopoly industry, is it possible if the monopoly industry develops into an oligopli industry? Explain your answer!
3. Explain the strategy that you will do if you are a manager in a company in the Monopolistic Competition industry!