Difference in between perfect competition and Monopoly
What are the differences between perfect competition and Monopoly?
Expert
Difference in between perfect competition and Monopoly are as follows:
1. In perfect competition there are several sellers but within the case of monopoly, here is only one seller
2. Individual seller has no control over the market supply within the case of perfect competition. However, in the case of Monopoly individual seller limits the supply.
3. Products are the similar in the case of perfect competition, but here is only one product into the case of Monopoly.
4. In perfect competition, here is free entry and exit of firms. But the Monopolist blocks the entry.
5. The Monopolist discriminates the price but here is uniform price in ideal competition.
6. Firm and Industry is diverse in the case of perfect competition that they are similar in the case of Monopoly.
Elucidate how can we get first 100 rows from flat file in the target?
What is the main reason that database is considered as "self-describing"?
Explain the Equilibrium Price in brief.
Illustrates the term Monopolistic Competition?
Describes the difference between NULL and VOID pointers into Data Structures?
Specify the tasks of universe designer?
Illustrates the data structures used to do recursion?
Explain the types of views within Data stage Director?
Illustrates architecture of reporting services?
Define the explaining plan and how is this used?
18,76,764
1930669 Asked
3,689
Active Tutors
1430029
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!