3. Microeconomics studies the effect of market structure on market outcomes, such as price, output,
profit, and efficiency. Imagine that the government is considering two ways to move a pure monopolist
toward a more competitive position:

(a) A monopolistically competitive market

(b) A perfectly competitive market

For each of these two options, describe how the change would affect the following:

i. The market price
ii. The profit-maximizing level of output
iii. Economic profit
iv. Allocative and productive efficiency

Ijust need with an idea of how to write it or example.1. for this assignment you will create a developmental timeline. the timeline should include significant events, or possible future significant events, from your entire life—from womb to tomb. you are encouraged to personalize your timeline with pictures, etc. for each incident or event that you list, you need to relate it to a concept developed by piaget, kohlberg, or erikson. for example, if one of your events is, “i said my first word, ball,” and you have this on your timeline at 15 months, you also need to say, “piaget’s preoperational stage.” along with each event you discuss, provide a brief description of its significance. score