Problem
1. How does perfect competition compare to monopolistic competition with respect to price, profit in the long run, average total cost, and output?
2. How does perfect competition compare to monopoly with respect to price, profit in the long run, average total cost, and output?
3. How does perfect competition compare to oligopoly with respect to price, profit in the long run, average total cost, and output?
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.