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)
b) Compare and contrast a perfectly competitive market with the monopoly market. (15 marks)
Please draw all diagrams. Do not Copy paste.
Based on a Microeconomics Topic with a word limit of 2000 (+ or – 10% ) words.
Do not use any journal articles. APS style reference.
Use 5 textbook for reference.