Compare and differentiate the characteristics of perfect competition, monopolistic

competition, oligopoly, and monopoly with real world examples. Develop a hypothetical

product or service of your own choice that falls in one of the above-mentioned market

structures. (Note: The novelty/innovation and creativity is going to gain you better marks. So

be careful when you choose a market structure for your designed product). Describe the

characteristics of your product to justify the market structure that you have chosen. What

price you will charge for this product. How would you determine the price of the product?

Would you adopt price discrimination, if 'yes' then why, if 'no' then why not?