Assignment #1: Financial Management Challenges in Varied Market Structures BUS 650 Managerial Finance Assignment #1: Financial Management Challenges in Varied Market Structures Introduction According to the video Microeconomics: Understanding the Market System (2011) there are four types of markets; perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition consists of many small sellers who all own a small part of the market share. There is no differentiation between products and no price competition between sellers. Also, sellers can freely enter and exit the market as they please. A perfect competition market does not exist in the modern world. The next market, monopolistic competition, is the closest market to perfect competition that can be...