Identify whether each of the following has a demand curve that is inelastic, perfectly inelastic, elastic, or perfectly elastic: i. A monopolist (0.5 marks) ii. An individual business in perfect competition (0.5 marks) b) Identify the market structure with the least amount of pricing power. (0.5 marks) c) Explain one difference between a monopoly and monopolistic competition. (1 mark) d) Explain how businesses can differentiate their products and gain pricing power. (1 mark)