You are expected to write a 2-3 page research paper discussing the following topic. *DO NOT EXCEED 3 PAGES (page count does not include title page or reference page). References and citations are expected – minimum 2 references. This should be in paragraph format with headings. This is to be a professional research paper. Be sure to carefully check spelling and grammar. *For proper APA referencing/citation select link here: APA Referencing/Citation (Links to an external site.)
Market Structure: Compare and contrast perfect competition, monopolistic competition, oligopoly competition, and monopoly*. Define each of the four competitive markets and identify 3-4 key attributes of each type of competition. Also, identify at least one industry for each of these market structures. Finally compare and contrast these market structures from an economic standpoint. *When discussing monopoly discuss the difference between a monopoly and a natural monopoly.