Question: (20 points) Explain the similarities and differences between the industrial organizations of perfect competition and monopoiy. This explanation should start with the different assumptions about

(20 points) Explain the similarities and differences between the industrial organizations of perfect competition and monopoiy. This explanation should start with the different assumptions about them and then segue into the different conclusions reached about pricing, production, and prots due to those different assumptions. Similarities can also be discussed throughout your response. Graphs would be helpful
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