Discussion Question
Choose one of the two questions listed below and respond in your main post, following the instructions below. Main posts should be at least 150 words and include at least one APA formatted source.
1. Perfect Competition - Chapter 8
Why is Perfect Competition the "best" form of market structure? Does Perfect Competition exist? Describe the features of a perfectly competitive firm. Provide examples to support your views.
2. Monopoly - Chapter 9
How is a monopolist different from a perfectly competitive firm? Is monopoly ever justified? Why or why not? Provide examples of public and private monopolies to support your arguments.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.