Directions A popular brand has introduced a new design of jeans. All major stores have stocked the jeans because the brand usually sells very well. But the cost of these jeans is much higher than those of other brands, so people don't buy them.

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A: Given; First cost= $109093 Annual cost= $8676 MARR= 10%

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A: * SOLUTION :-    Given that ,

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A: Oligopoly is a market structure in which few sellers operate in the market.

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A: The answer is as follows:-

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A: MPC = Marginal Propensity to consume.

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A: Elasticity measures the responsiveness of quantity demanded to changes in price level

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A: Perfectly Competitive firm Graph:-

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A:

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A: In perfectly competitive market, there are large number of firms selling identical goods.