Essay -Answer both of the following: a) With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly, and Monopolistic Competition. (15 Marks)AND b) Compare and contra

Essay -Answer both of the following:

1. a) With the aid of Diagram explain the following terms: Perfect competition, Monopoly, Oligopoly, and Monopolistic Competition. (15 Marks)

AND

b) Compare and contrast a perfectly competitive market with the monopoly market. (15 marks)

Please draw all  diagrams. Do not Copy paste. 

Based on a Microeconomics Topic with a word limit of 2000 (+ or – 10% ) words. 

Do not use any journal articles. APS style reference. 

Use 5 textbook for reference.