Perfectly competitive market versus a monopoly market


As a manager, how might your pricing strategy differ if you are operating in a perfectly competitive market versus a monopoly market?

  • What specific challenges might you face as a manager if you are operating in a perfectly competitive market? What special challenges will you face when operating in a perfectly competitive market?

  • As a manager, how would your hiring practices differ across these two type of market structures?

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Other Subject: Perfectly competitive market versus a monopoly market
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