There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly.

1.Visit a retailer that you feel has the characteristics that are most close to the monopolistic competitive market structure. (2 marks)

a.Provide the name and location of the retailer (You can useonlineretailers. If you do, provide the website).

b.Describe its characteristics and how they differ from a perfect competition market structure.