Question 1: What are the conditions for a perfectly competitive market?
Question 2: What are the conditions for a monopolistic market?
Question 3: What are the conditions for a monopolistic competitive market?
Question 4: What are the conditions for an oligopolistic market?
Question 5: How would you explain the differences among these market structures?
Identify which market structure your organization competes in and why you think so.
Question 6: What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
Please answer these questions in your own words.