MICROECONOMICS - 2500 word limit, min 10 academic references ASSIGNMENT TOPIC - With the use of two real case studies from any country in the world compare and contrast the market structures of Monopoly and Monopsony. Use well-constructed, case specific diagrams in your analysis (do not simply cut and paste diagrams from academic sources). Hint: Ensure you answer at least the following six (6) questions in your analysis: 1.In each case what are the main source(s) of monopoly or monopsony power? 2.What factors determine the amount of monopoly and monopsony power in each case? Clearly identify and explain at least four factors. 3.Is there a social cost to monopoly power? Illustrate and explain 4.If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated? Illustrate and explain. 5.Is there a social cost to monopsony power? Illustrate and explain. 6.If the gains to buyers from monopsony power could be redistributed to sellers, would the social cost of monopsony power be eliminated? Illustrate and explain.