Question

1 what determines the difference between one market structure and another?
2 Why is perfect competition not found in real markets?
3 How does a monopoly control the price of its product?
4 name three ways in which a monopoly differs from perfect competition?
5 why is product differentiation necessary for monopolistic competition?
6 why are firms in a oligopoly less independent in setting prices then firms in monopolistic competition?
7 what factors does the government consider in deciding whether to approve a merge?
8 Why do economists generally favor deregulation of most industries?