Explain monopoly and perfect competition market structures, and identify the key factors that distinguish them. (4 marks) Choose two different industr
InTech Institute of Technology – Manage Finances and Budgets
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March 11, 2020Explain monopoly and perfect competition market structures, and identify the key factors that distinguish them. (4 marks) Choose two different industr
1)Explain monopoly and perfect competition market structures, and identify the key factors that distinguish them.
2) Choose two different industries from your home country representing monopoly and perfect competition, and identify their key characteristics in relation to the factors used to differentiate between the market structures. Using the real data from your case studies analyse the behaviour of firms and market outcome for each case study.
3) Clarity/referencing/presentation of essay.
