Why do you consider perfect competition and monopoly and, Microeconomics

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Why do you consider perfect competition and monopoly and

1. Why do you consider Perfect Competition and Monopoly as 2 extremes in market structure?

2. How do you characterize monopolistic competition as a market structure? What is your understanding of product differentiation?

3. How would you differentiate oligopoly from monopolistic competition?

4. Knowing the 4 basic market structures, please respond to the following: Compare the 4 types of market structures we studied as to Output Decisions, Interdependence, and Pricing Decisions.

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Microeconomics: Why do you consider perfect competition and monopoly and

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