Assignment:
Answer the following 4 essay_questions each in a separate page.
The minimum number of lines per question is 10 lines. The answers should be hand written.
1. Define, discuss, and illustrate with example the theoretical background of "perfect competition" market structure?
2. Define, discuss, and illustrate with example the theoretical background of "monopoly" market structure?
3. Define, discuss, and illustrate with example the theoretical background of "oligopoly" market structure?
4. Define, discuss, and illustrate with example the theoretical background of "monopolistic competition" market structure?