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You are required to write an assignment regarding the different market structures. In addition, highlight how important business decisions affect supply outcomes. You will prepare this assignment individually.

You have to submit your answer on Blackboard in the Assignments/Exercise folder. Do not forget to mention the name and student ID in your final report.

The following guidelines will assist you:

Compare the characteristics of monopoly and perfect competition. How these different market structures affect supply outcomes?

What differences and similarities you observe in these two market structures?

What examples of these market structures we can have in real world? And how possible is to survive in a volatile environment with persistent pandemic and inflation?