ACTIVITY 1.7 (20 pts) Market Structures Perfect Monopolistic Oligopoly Monopoly Competition Competition MARKET Large number of Many sellers Few solar Single producer and buyers and sailors saller Differentiated product Homogeneous or STRUCTURES Homogeneous differentiated product No dose substitutes Product Close substitutes avalabig Interdependent Perfect substitutes decision-making Impossible entry (pure available Pola Wily Ince onty monopoly), or may and out Substitutes may or face threat of potential Free entry and call may not be avillable entrants (contestable Non-price competition monopoly Perfect knowledge and In the form of Very difficult ontry and Information advertising and Usually regulated product innovation public utilities [natural No advertising or Strategic pricing monopoles that product innovation output decisions and produce essential marketing efforts goods Based on the discussion give 5 example of the following: a. Perfect Competition b. Monopolistic Competition c. Oligopoly d. Monopoly