Explain duopoly and monopolistic competition market

Please note that this essay requires a substantial research. You should refer to several academic references such as books, journal articles
and relevant websites, including 7-8 peer-reviewed references. You need to use properly drawn, correctly labelled diagrams where
appropriate.

Words limit is 2500 words excluding tables and references.

1- Explain duopoly and monopolistic competition market

structures, and identify the key factors that distinguish them.

2- Choose two different industries from your home country representing

duopoly and monopolistic competition, and identify their key characteristics in relation to the factors used to differentiate between the
market structures. Using the real data from your case studies analyse the behaviour of firms and market outcome for each case study.

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