Need a discussion post on the following: attached are also the instructions, Rubic and simulation screen shots to be used. Please follow instruction and Rubic.Use Chapter 16 reference attached to use as cites and examples in text.In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDF document for more information. Then, address the following questions:Explain which types of market inefficiencies derive from monopolies. Use examples from the textbook to support your claims.Describe the types of inefficiencies that derive from monopolistic competition. Use examples from the textbook to support your claims.How are monopolies and monopolistic competitive firms profitable? Use examples from the textbook to support your analysis.
