List an example of at least one firm/industry for oligopoly and one firm/industry for monopolistic competition that has not already been covered in the textbook or power points. Updated: Explain the following for each market structure example separately (please use complete sentences): 1. What ever firm/industry you pick justify why you believe the firm/industry is an oligopoly or monopolistic competition market structure using market characteristics from the chapter. 2. Would the different firms have market power or would they be price takers? 3. How is market structure determined? 4. How much product differentiation would each firm/industry use to market their product? and Lastly (only answer once this question) 5. In which market structure would firms experience the lowest overall profits? the highest? Discussion Instructions **Please note that you must post your response to the discussion question before you will be able to see other students' replies. Due Friday: Type your initial response to my question in substantially more than eight sentences (minimum 200 words) by Friday evening at 11:59 pm Pacific Time. Due Friday: Read through the other posts and post a thoughtful question to at least one classmate who does not already have a thoughtful question by Friday evening at 11:59 pm Pacific Time. Due Sunday: Write a one paragraph (4+ sentences) response to another student's thoughtful question about your post. If you do not receive a thoughtful question about your post by Sunday morning, you may write a second thoughtful question to a student who does not have one to count as your third post. If you are posting late, you must wait 24 hours before you post a second thoughtful question to another student in order to allow other students the time to ask you a thoughtful