We know that there are different market types and each has different characteristics of their own. Knowing these characteristics is very important in economic policy implementations. Within the context of class materials we covered, please complete the following assignment: QUESTION: Please write at least a one page (maybe more) article regarding the difference and/or similarities between perfect competition and monopoly markets. You may construct a comparison table and then discuss each difference/similarity one by one. Also, please discuss the welfare effect of these two market types for the whole economy. You may use diagrams and give real life examples if you wish. Please remember: The goal of this assignment is to help you to better understand the rationale behind the market types in our daily lives