Could I please have some help with this? Using the provided table that outlined the various characteristics of each market structure type and the information provided by Manager Tracy from Ruby Red Movie Theater, define the market structure (perfectly competitive, monopolistically competitive, oligopoly, or monopoly) for the movie theater market of this town. Discuss each market structure characteristic as it either relates or does not relate to the movie theater market for this town. Make sure you address all four market structures and each market structure characteristic in your discussion.

Movie Theater Average Ticket Price Ruby Red Movie Theater 510.00 Grayson's Guild Movie Theater $8.00 Ryne's Reel 2 Reel Movie Theater $8.00 Garrett's Dollar Movies 51.00 The first movie and last movie start times for the four theaters are: Movie Theater First Start Time Last Start Time Ruby Red Movie Theater 12:00 noon 11:00 p.m. Grayson's Guild Movie Theater 10:00 a.m. 11:00 p.m. Ryne's Reel 2 Reel Movie Theater 10:00 a.m. 11:00 p.m. Garrett's Dollar Movies 12:00 noon 11:00 p.m. The average number of people who purchase tickets at each movie theater in town per month is: Movie Theater Average Monthly Movie Ticket Sales Ruby Red Movie Theater 15,00 Grayson's Guild Movie Theater 23,000 Ryne's Reel 2 Reel Movie Theater 25,750 Garrett's Dollar Movies 25,200 Grayson's Guild and Ryne's Reel 2 Reel offer a special "Two-for-One Tuesday" where you can purchase two tickets for the price of one. Grayson's Guild and Ryne's Reel 2 Reel just purchased the latest Goldby Surround Sound for their movie theaters. You recall that your economics instructor at Columbia Southern University had presented you with a table that outlined the four market structure types and their characteristics. After searching through your old notes from Columbia Southern University, you found the table, which is presented below: Perfect Monopolistic Characteristic Competition Competition Oligopoly Monopoly Number of Firms Vast Many Few Dominant One Firms Type of Product Homogeneous Differentiated Differentiated Unique, Limited, No Close Substitute Size of Firm Relatively Small Relatively Small Average to Large Large Market Share Smal Smal Average/High Absolute Barriers to Entry None Low High Extreme and Exit Price-Setting None, Price Taker Low, Price Maker High, Price Maker High, Price Maker Power Long-Run None None Possible Possible Economic Profits