Plesae answer 5 questions.Type 10 pages with double space format with times news roman. You can find some models to explain questions from online and paraphrase. not required full original work2 What are the relationship between marginal cost and the supply curve for the purely competitive firm. Show a model.3 Pure monopoly guarantees economic profits. Discuss whether this is a valid statment and show an illustration of such4 What are the major features of monopolistic competition compared to pure competition and pure monopoly?Show and explain models of each kind.5 why do monopolistically competitive firms spend funds for product differentiation and adverstising when this practice only adds to the firms costs? Give 5 examples of products that fit this explanation.6. Discuss the Law of diminishing returns as it relates to Consumer Behavior. Show a table schedule that demonstrates. B) additionally show and explain the consumer equilibrium model.