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What are the characteristics of a monopoly? Do monopolistically competitive firms have high barrier to entry? Why does this matter? How are monopolistically competitive and

What are the characteristics of a monopoly?

Do monopolistically competitive firms have high barrier to entry? Why does this matter?

How are monopolistically competitive and oligopolistic competitive markets different? Why does this matter?

Which type of markets would spend the most on marketing/advertising and why?

Give me 3 examples of markets that are monopolies.

Give me 3 examples of firms competing in monopolistic competitive markets.

Give me 3 examples of firms competing in oligopolistic competitive markets.

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