Draw a graph that a typical monopoly as it sets it price. Makes sure to add in all costs curves, marginal revenue and demand to illustrate the price the firm will charge. Give two examples of firms that might operate as a price discriminating monopoly and tell why one that you have chosen operates by using a price analogy and which groups are used using your example. How are firms that are of the Monopolistic Competitive type, so similar to both Monopolies as well as firms in Perfect Competition? Draw the diagram of a Monopolistic Competitive firm to explain what you discussed. Use this graph to show how similar it is to a Monopoly yet unfamiliar to a Perfect Competitive in pricing