Answer:
Characteristics of Monopolistic Competition: -
Characteristics of Perfect Competition: -
Characteristics of Oligopoly: -
Characteristics of Monopoly market: -
Scenario 1
Number of firms = Many
Type of product = Differentiated product
Entry = Challenging
Market Model = Monopolistic
Scenario 2
Number of firms = Many
Type of product = Homogeneous product
Entry = Easy
Market Model = Perfectly competitive
Scenario 3
Number of firms = Few
Type of product = Identical product
Entry = Challenging
Market Model = Oligopoly