looking for help on economics discussion post/ 2 paragraphsv

Perfect competition and monopoly are the two extremes of market structures.

Discuss the difference between the markets.
Analyze the considerations for an entrepreneur thinking about entering either market. Use examples from a business you might consider opening one day.

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Market Structures

A market is a place where sellers and buyers converge either directly or via the dealers to perform transactions. Therefore, a market structure is made up of various forms of markets where monopoly and perfect competition are dominating. These two market structures extremes are antagonistic in several ways. Therefore, by classification, perfect competition is where there are many merchants in the market selling the same goods that are developed using a customary means.

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