for each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both or...

for each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both or neither.a. sells a product differientiated from that of its competitors.b. has marginal revenue less than price.c. earns economic profit in the long run d. produces at the minimum of the average total cost in the long rune. equates marginal revenue and marginal costf. charges a price above marginal cost