Paper Instructions: For this paper you'll be selecting a market/industry and discussing which market structure applies to it. The basic requirements for this paper are 400-500 words & 1-2 pages. In this write up, make sure you: . Explain each of the three characteristics of a market structure and how the market/industry you chose relates to each of these characteristics. . Remember, all Market Structures are defined by these three criteria: - # of Firms - Similarity of Products - Ease of Entry & Exit . Then make a conclusion about which type of market structure your industry fits best. . In addition to the above, explain why this industry is an example of market failure