Explain, using real-world examples, why the vast majority of products and services we consume today are bought and sold in monopolistically competitive markets.

Topic: Explain, using real-world examples, why the vast majority of products and services we consume today are bought and sold in monopolistically competitive markets.ECO 6005 TERM PAPER REPORT FORMATTING REQUIREMENTS1. 875-1,250 words in length, this does not include cover page, table of contents, or endnotes.2. Cover page, table of contents, and endnotes are required elements of paper.3. Either APA or MLA style, report should include both footnotes and endnotes.4. “Normal” MS Word margins (1” Top, bottom, left, right), with page numbering. Paragraphs should havejustified alignment.5. Font type: Times New Roman Font size: 126. Line spacing: 1.5”7. All information sources in the report must be referenced and cited. 3 source minimum. The report will bechecked for plagiarism with the Turnitin program.8. Minimum of 3 graphs/tables/charts in the report, maximum of 5. Graphs should be labeled “Figure 1,Figure 2, etc.”, Tables should be labeled “Table 1, Table 2, etc”. All graphs must be embodied within thereport narrative and not at the end of the report. No graphic shall cover more than 1/3 of the writing areaon any report page. Graphics must be consistent in size and formatting.9. You must turn in both an MS Word and PDF version of this report by no later than 11/12 at 11:59 pm.