econ 503 discussion board post

Provide an example of an industry that is best described by perfect competition and justify your reasoning in terms of number of sellers, presence of entry barriers, the attributes of the product, etc. Also, provide an example of an industry that is best described by monopoly and again justify your reasoning based on the characteristics of its market structure.

Your post should be a minimum of 400 words (i.e., a minimum of 200 words for perfect competition and a minimum of 200 words for monopoly). Your reply to one other student should be a minimum of 100 words.

book ISBN#   

• 9781305507074

thank you  for your help.