For each of the following characteristics, say whether it describes a monopoly firm, a monopolistically competitive firm, both, or neither. (note: if the characteristic describes neither, leave the entire row unchecked.)

characteristic

monopoly

monopolistically competitive

faces the entry of new firms selling similar products
produces at the minimum of average total cost in the long run
equates marginal revenue and marginal cost
has marginal revenue less than price
faces a horizontal demand curve
earns economic profit in the long run