NOTE: This question is worth twice as many points as the oth…

NOTE: This question is worth twice as many points as the other questions so be sure to spend more time on it. (3-4 paragraphs expected) 4. Compare and contrast the four main types of market structures—perfect competition, monopolistic competition, oligopoly, and monopoly.In your response, describe the key characteristics of each market structure including:  the number of firms, type of products, ease of entry and exit, and level of price control. Provide a real-world example for each type.