Identify the characteristics of four different markets and their structures.

Identify the characteristics of four different markets and their structures. You will also provide a case study of an industry within each of these different market structures.Directions:1. Research the characteristics of each of the following market structures: perfectly competitive, monopoly, monopolistic competition, and oligopoly.2. Identify and research an industry that fits the characteristics you identified for each of the market structures. While the industry doesn’t have to be a PERFECT match, it must possess the majority of the characteristics you identified.Required elements:1. Identify the four market structures.2. Characteristics of each of the four market structures.3. An industry example of each of the four market structures.4. A case study of each of these industries that includes a description of the products/services offered by the industry, how the industry possesses the characteristics of the market structure, and an example of a firm or entity that operates within this industry.