Answer:

Introduction:
Price is an important factor that determines the amount of money that consumers are willing to pay for a particular product. It is the amount of money that a buyer is willing to pay for a product or a service. The price of a product is determined by several factors, including the level of competition, the cost of production, and the level of demand for the product. In this answer, we will discuss the relationship between price and market structure.

Monopoly:
A monopoly is a market structure in which there is only one supplier of a particular product or service. In a monopoly, the supplier has complete control over the market and can set the price of the product or service at any level they desire. Therefore, the price in a monopoly is the highest compared to other market structures. Since there is no competition, the supplier can charge a higher price and still make a profit.

Oligopoly:
An oligopoly is a market structure in which there are only a few suppliers of a particular product or service. In an oligopoly, the suppliers have some control over the market and can influence the price of the product or service. However, the price in an oligopoly is usually lower than in a monopoly since there is some competition between the suppliers. The suppliers need to keep the price at a reasonable level to attract customers and maintain their market share.

Monopolistic competition:
Monopolistic competition is a market structure in which there are many suppliers of a particular product or service, but each supplier offers a slightly different product. In monopolistic competition, the suppliers have some control over the market, but the price is usually lower than in a monopoly or oligopoly. Since each supplier offers a slightly different product, customers have some choice, and the suppliers need to keep the price at a reasonable level to attract customers.

Perfect competition:
Perfect competition is a market structure in which there are many suppliers of a particular product or service, and each supplier offers an identical product. In perfect competition, the suppliers have no control over the market, and the price is determined by the forces of supply and demand. Therefore, the price in perfect competition is usually the lowest compared to other market structures.

Conclusion:
In conclusion, the price is the highest in a monopoly, followed by oligopoly and monopolistic competition. The price is the lowest in perfect competition since there is no control over the market, and the price is determined by the forces of supply and demand. The market structure has a significant impact on the price of a product or service, and it is essential to understand the relationship between price and market structure when analyzing a market.

C- Monopolist Competition