Market structures for each of the following scenarios, determine which market model best describes the scenario. then identify the number of firms, the type of product, and the ease with which new firms can enter the market under this market structure. scenario number of firms type of product entry market model hundreds of colleges serve millions of students each year. the colleges vary by location, size, cost, and educational quality, which enables students to match schools to their diverse preferences. dozens of companies produce plain white socks. the standard technology for producing socks is widely known and available to anyone who wants to enter the business. three airlines operate between san francisco and san diego. there are not enough potential customers to share the route with a fourth airline without causing the average costs of the existing competitors to rise substantially. consumers view all airlines as the same service and will select the least expensive one. only one pharmaceutical company has a government patent to sell an experimental drug.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.