compare and contrast the four major market structures (Monopoly, Perfect competition, Monopolitstic competition, and Oligopoly) on the following characteristics:
1. Number of firms
2. Firms’ role in determining price
3. Long-run economic profit
4. Barriers to entry or exit from
the industry
5. Type of product
6. Key characteristics
These characteristics should be bolder and underlined.
The body of the paper (not counting the reference and title page) must be double spaced, and at least two pages in length using 12 point font, 1 inch top and bottom margins and 1 inch side margins.