Minimum 400 words; to use all the bolded key concepts highlighted in the question; no spelling/grammar errors. ALL parts of the Chapter question...

• Minimum 400 words; to use all the bolded key concepts highlighted in the question; no spelling/grammar errors. ALL parts of the Chapter question is answered 

Chapter 10 - a) If you were a producer, would you prefer to operate under perfect competition or some other product market (e.g. monopoly, oligopoly, monopolistic competition)? b) Indicate your product in the SUBJECT LINE.c) Explain your rationale using at least 3 characteristics of the chosen product market. Bold the 3 characteristics.