Use the concepts from the background readings regarding franchise competition and markets. Use and reference any good quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

The paper must be 4 pages, double-spaced and typed in Times New Roman (font 12).

The following items will be assessed in particular:

• Your ability to understand the differences between perfect and imperfect competition
• Some in-text references to the background information material in APA formatting
• The essay must address each element. Remember to support all the answers with solid references.

Ensure that any information gathered from online sources have website information