There are many different market structures in the economy. Please answer the following questions for each of the market structure below.

Market Structures:

1.Perfect Competition Market

2.Monopoly Market

3.Monopolistic Competition Market

4.Oligopoly Market

a)Explain the characteristics of the market structure.

(10 marks)

b)Choose a company as the example of the market structure and explain the reasons you choose this company.

(10 marks)

c)Compare the market structure with another market structure.

(10 marks)

d)Explain how the market structure can achieve maximum profit in short run.