"a wider choice for the consumers but there are no substitutes. (Source:https://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=& cad=rja&uact=8&ved=0ahUKEwiMp8zyy5bTAhXDrI8KHQjUDRYQjRwIB w&url=http%3A%2F%2Fcourses.missouristate.edu%2Freedolsen%2Fcourses %2Feco165%2Femonopol.htm&bvm=bv.152174688,d.c2I&psig=AFQjCNH EsvTN990hNRknKKMkbTZ2HykPVQ&ust=1491800443626269) 3. Oligopoly: In this market structure, there are a few large sellers in the marketselling homogenous or differentiated products. There are restrictions on theentry and exit of buyers or sellers. There is absolute power with these fewsellers in the market. These large firms can misuse this power and set any highprice they want. These kinds of high price bar set by these few firms alsomakes any new entry or exit into the industry impossible. It also limits thechoice available to the customer base of the organization. (Source:https://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=image s&cd=&cad=rja&uact=8&ved=0ahUKEwiqn5ihzZbTAhXBsI8KHQZ5Cs4Qj RwIBw&url=http%3A%2F%2Fwww.economicsonline.co.uk%2FBusiness_ec onomics%2FOligopoly.html&psig=AFQjCNHUieqZ-71HNCG50j- tNWfVLswi1Q&ust=1491800784581501) 4. Duopoly: It is a form of market structure in which two firms together produceall or most of the product. Here there is higher degree of power. These twoplayers collide to determine the prices and set higher price for their product.The price collusion can lead to lower prices as compared to that of Oligopoly. Source:(https://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rj a&uact=8&ved=0ahUKEwjH3qKizpbTAhWLPY8KHSpmBDQQjRwIBw&url=http%3A%2 F%2Fjrm-research.blogspot.com%2F2005%2F12%2Fsome-thoughts-on-game-theory- economics.html&psig=AFQjCNH9k4NXDl87nFpQMwkdSzKVZ6x3vg&ust=14918010870 06046)3.2 Illustrate the way in which market forces (demand and supply) shape organisationalresponses using a range of examples (diagrams are essential).We all know that market forces that is demand and supply affects organizational responses invarious important ways. For example: Any change in the quantity demanded or supplied of aproduct affects the sales volume as well as the price of the product. Any factor other thanprice that brings any change in the supply or demand of any product affects the wholeorganizational structure. As the equilibrium in any form of market is determined by thedemand and supply factors and the market power that lies with the organization. (Lipsey P –Principles of Economics, 2009) "