With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly and Monopolistic competition

Essay -Answer both of the following:

a) With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly and Monopolistic competition. (15 Marks)
AND

b) Compare and contrast a perfectly competitive market with the monopoly market. (15 marks)

Based on a Microeconomics Topic with a word limit of 2000 (+ or – 10% ) words. Topic is attached.

Do not use any journal articles.APS style referense . Use 5 text book for referense.

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