Question: Identify the four basic market structures,from the best for consumers to the best for producers. Describe each in terms of their distinguishing characteristics (e.g., monopolies

  • Identify the four basic market structures,from the best for consumers to the best for producers.
  • Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make sure you describe how the feature distinguishes the associated market structure from other market structures.

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