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4. Market Structures: Discuss the market structures simulations [Price Discrimination and lCournot} that you played in Modules Six and Seven. Then, do the following in
4. Market Structures: Discuss the market structures simulations [Price Discrimination and lCournot} that you played in Modules Six and Seven. Then, do the following in the project template: o Complete Table 4.1 as a reference guide for your business partner. The table should compare the attributes of each of the four listed market structures. o Answer the following questions in the paragraphs below the table: - Explain what market inefficiencies derive from monopolies and monopolistic competition. Use examples from the textbook to support your claims. - How do rms in an oligopolistic market set their prices? Use specific examples from the simulations or from the textbook to support your claims. - Explain how firms that compete in the four different market structures determine profitability. Use specific examples from the simulations or the textbook to support your claims
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