1. Explain four different types of competition, Pure competition, Monopolistic competition, Oligopoly, and Monopoly, with detail examples and explanations.

1. Explain four different types of competition, Pure competition, Monopolistic competition, Oligopoly, and Monopoly, with detail examples and explanations. (10 points)

2. Explain four different types of Protectionism approaches taken by local governments that helps domestic industries to survive from international competition in Trade. Provide examples. (8 points