URGENT. I need help with the two following questions:Prompt:The four basic types of markets are: pur

URGENT. I need help with the two following questions:Prompt:The four basic types of markets are: purely competitive, monopolistic, oligopolistic, and monoplisitically competitive. When considering markets as a place for doing business, one must look at the barriers to entry. By this, economists mean “how hard or easy is it to go into business?”If you were planning to go into the “deallybob” business, what barriers to entry would you have to consider in entering that market?Discuss the various market structures and how the market for “deallybobs” could be associated with each.I especially need help with question: how would a purely competitive “deallybob” market differ from an oligopolistic market? Use any combination of market comparisons you wish and discuss the differences between them.