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Read the document I send you cargonfully - raise ExampleWith e precise securities industry structure, however, comes advantages and disadvantages of adopting that particular choice. There are mainly four types of market structures with stark(a) competitionon one extreme and monopolyon the other (Baumol, 1961, p.142. Furthermore, monopolistic competitionand oligopoly are those spectacular structures that are counted asthe moderate ones. In this paper, we willing be focusing primarily on the Perfect markets. It will incorporate an analysis ontheir relation to consumer beseech and the comparison to any other market structure in the economy. PERFECT COMPETITION AND MARKET DEMAND Perfect Market Perfect competition is a very large number of firms producing a standardized product. (McConnel&Brue, 2004) This means that a meliorate market is that structure which entails legion(predicate) extents of buyers and sellers for selling the same kinds of product. Besides this, there are sever al other noticeable characteristics of a perfect market that are being listed below In competition oriented perfect market, there are groups of buyers and sellers who are involved. ... Lastly, there is perfect information about prices and technology among both the sellers and buyers. (Besanko&Brauetigam, 2010, p.330) The Perfect Market and the enquire Curve The demand curve of a perfect market is perfectly elastic which means that it is a horizontal line. The price elasticity of demand (PED) for a good is a measure of the degree of responsiveness of the quantity demanded to a change in the price, ceteris paribus. (Quek, 2011, p.2). It happens so because of the fact that the presence of small firms in the market makes it difficult for them to influence the pricing fluctuations of the goods and services that they offer. This leads to an inflexible proposition of prices of products to the consumers and thus, a perfectly elastic demand curve is achieved in this context. The figure belo w illustrates the demand curve Figure 1 Chart present perfectly elastic demand in a perfect market (Source Google Images) Quek propagates thatdemand curve in a perfectly competitive firm is also its marginal tax income curve (2011, p.2). Marginal revenuecan be understood as the revenue received by selling one particular(a) unit of production. The demand curve and marginal revenue curve are equivalent in a perfect market competition since the price of goods and services are preciselythe same. The demand curve is identical to the medium revenue as well in a perfect market because each product is sell at the same price i.e. the average of the total production. An increase in the price of products in a perfect market leads to the quantity demanded of that product to rise to infinity while a decrease in price leads to the quantity demanded of the product to fall to zero. This is also