Essay -Answer both of the following: a) With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly, and Monopolistic Competition. (15 Marks)AND b) Compare and contra

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Essay -Answer both of the following:

  1. a) With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly, and Monopolistic Competition. (15 Marks)

AND

b) Compare and contrast a perfectly competitive market with the monopoly market. (15 marks)

Please draw all  diagrams. Do not Copy paste.

Based on a Microeconomics Topic with a word limit of 2000 (+ or – 10% ) words.

Do not use any journal articles. APS style reference.

Use 5 textbook for reference.

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