1) explain why Legos are so expensive and so popular?

2) We have looked at 3 different market structure: monopolies, monopolistic competition, and perfect competition. Of these, what market structure do you think would best describe the market for Legos? Why? Be sure to justify your conclusion based on the characteristics of the market structure. Is this market changing for Legos? Why?

3) What other products that you regularly consume that has the same market structure like Legos? What are some similar characteristics?