Option #1: Market Structure SummaryIn this week’s module material, we learned about different types of market structures.Summarize the characteristics for each market structure and compare the outcomes in terms of:equilibrium price;equilibrium quantity;economic profit potential (include the distinction between accounting and economic profit); and efficiency.Summarize how international trade would affect industries in the different market structures (i.e., Would receptiveness to trade likely shift one industry from one market structure to another?). Be sure to integrate concepts, terms, and theories from the readings and module content.For assistance with your research, see the library guides for economics(Links to an external site.)and international business(Links to an external site.).Use the APA7 template(Links to an external site.)provided by the CSU Global Writing Center to ensure your paper meets all requirements for a written assignment.Your paper should be 4-6 pages in length (1200-1800 words) and conform to APA guidelines in the CSU Global Writing Center(Links to an external site.). Include at least four scholarly references, including one peer-reviewed article preferably from the CSU Global library.