i need help with this discussion please

Module 3.2: Discussion - Market Power 6 6 Purpose To evaluate the relationship between elasticity and market power. Directions The type of market structure in which a firm operates will determine how it behaves in order to profit maximize. Last week you read about two of these market structures, competition and monopoly. Monopoly firms will face a different environment when profit maximizing than does a firm in competition. Given what you learned about elasticity and monopolies last week, read this article, "Martin Shkreli on raising price of AIDS drug. 1. Explain how this topic pertains to both concepts (elasticity and monopoly). Do you anticipate a similar outcome if a biopharmaceutical were to discover a vaccine for Covid-19? 2. Give your own opinion about whether the government should place price controls on pharmaceutical firms to avoid price hikes such as this and what impact this might price controls have on research and development for new drugs. Please note: Your opinion should be supported using the economic concepts from class. If you use any other sources, be sure to cite them within the text as well as provide a bibliographical citation at the end. Part Two Respond to at least one (1) classmate with substantive comments. You will not be able to see your classmates posts and respond to them until you have submitted part one of the assignment. Grading