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Yes, perfect competition allows the market to dictate prices where as a monopoly can set any price because there is no other alternative.
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What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What is the amount of competition for a pure monopoly?
Zero
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What is the amount of competition for a pure monopoly?
Zero
What are three types of business competition?
Pure Competition Monopolistic Competition Oligopoly Monopoly
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
Analyze 4 types of competitive environments?
Monopoly, Oligopoly, pure competition and monopolistic competition
Match the type of market structure with each example?
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
What are the basic market model?
There are four basic market models based on the amount of competition within the industry. They are pure competition, monopolistic competition, oligopoly, and pure monopoly.
What are possible market structures for an economic system?
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
In which two market models would advertising be used most often?
in pure competition and pure monopoly =)
