Assignment:
Review and answer the following questions. Identify the key characteristics of perfect competition, monopoly, and oligopolistically competitive markets, discriminating between the three types of market structures. How do producers in each market maximize profit? Examining the nuances of perfect competition, monopoly, and monopolistic competition, explain the implications of market efficiency, market power, and market entry in each? Your response must be a minimum of two pages. All sources used must be referenced. Paraphrased and/or quoted materials must have accompanying in-text citations and references in APA format.