4. Market Structures/Models Make your own concept map on how you interpret market structures/models of the different production stages (generation; transmission; distribution/supply/retail) in the current set-up of our electric power industry. a) identify the dominant market structure/model involved in each production stage (e.g. competitive market; natural monopoly) b) describe in bullet form 1-2 dominant features/characteristics of said structure (e.g. no market power, etc). Notes: *concept map - a visual representation of information/knowledge showing relationship between concept and ideas. *You can use ppt (1 slide) or an image/photo of your manual drawing or whatever applicable app you have. Bonus questions: What pricing strategy is used by our local electric distributors/retailers in charging us our monthly bills? (5 pts) What pricing strategy is used by our local water utilities in charging us our bills? end