Comparison between Perfect Competition and Monopoly:The main goal of firms both under monopoly and perfect competition is to maximize gain. In both the market forms, the firms are in symmetry at the output level where MC = MR. The differences are as shown below:
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To try to make sure that the company succeeds in its aim, the board is charged with several tasks like - Decide on the strategic direction of the company, Exercise control, Maintain external relations.
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