A) In one to two sentences, identify one way monopolistic competition and monopoly market structures are the same and one way they are different. (2 points)
One way monopolistic competition and monopoly market structures are the same is that both involve a single seller or a few sellers controlling a significant portion of the market. One way they are different is that monopolistic competition allows for product differentiation and gives consumers more choices, whereas in a monopoly, there is only one seller with no close substitutes.
