This document discusses market structures and competition. It describes perfect competition as a free market with many small buyers and sellers unable to influence prices. Monopolies have one dominant seller controlling the market and able to extract monopoly profits. Oligopolies have a small number of large firms that can influence prices. The document examines how these market structures align with concepts of justice, utility, and rights. It also discusses unethical practices that can occur in oligopolistic markets like price-fixing.