PRINCIPLES OF MICROECONOMICS -

Instructions:

APA 7th edition guidelines in responding to this Discussion Question. Use literature to support your response. Cite any reference material used

the discussion response to the questions posed below. Must exhibit careful thought and logical reasoning and provide evidence for your position. In four paragraphs and approximately one page, there should be no attachments added.

i. Describe TWO similarities and TWO differences between a Monopoly Market Structure and a Monopolistic Market Structure.

ii. With the use of at least TWO well-reasoned arguments, give your opinion as to whether consumers are likely to experience a greater level of satisfaction in a Perfectly Competitive Market Structure or a greater level of satisfaction in a Monopolistic Market Structure.