Name two different market structures. describe how and why they each have a different competitive situation.

A market structure is a term used in economics to refer characteristics of a certain market (made up of buyers and sellers who together determine (directly and indirectly) the price of a good). The market structure influence both the activity within a market and the behavior of buyers and sellers Examples would be a monopoly and perfect competition. In a monopoly, there is only one provider (seller) of a good or set of goods. They control all market share and the price of a good or set of goods. They have no market competition. Prices can be astronomical because of this control. The opposite is a perfect competitive market where there are unlimited buyers and sellers, prices are set by demand and competition, and prices remain low because there are major efficiencies. This is a theoretical structure because it is unrealistic. 

Tbh i dont know the answeererrr im hust answering

If you are using an unfamilar word you should look up the definition of the word to be sure you are using it correctly.