Market Structures (including Perfect Competition, Oligopoly, Monopolistic Competition, Monopoly)

• Explain this tool and how you see it reflected in current economic events.
• Referring to the same microeconomic tool, explain how you believe the tool or principle might affect you personally or the firm for which you work. If you consider your own experience, do you believe that your experience differs from the experiences of similarly situated peers and, if so, why?