1.Select a real world market that is not an example of perfect competition or monopoly, discuss whether you think it is more appropriate to apply the model of monopolistic competition or an oligopoly model.You might want to consider factors such as the nature of the product, the number of competitors, how the competitors interact with one another, and outcomes such as prices, profits and firm entry/exit.

2.Can the monopoly model be applied to oligopoly company?explain