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Does monopolists differ from perfect competitors because monopolists makes a profit?
Not because of that reason but rather a result of the different characteristic of the two market structures.
Basis of difference : MONOPOLY PERFECT COMPETITION
1) Number of producer 1 Many
2) Knowledge imperfect perfect
3) Price setter/taker setter taker
4) Nature of goods no substitute/ imperfect sub. homogeneous
5) Barriers to entry very high no
5) Factor mobility Factor immobility perfectly mobile
6) Profits in LR supernormal/normal normal
What else can I help you with?
How does Monopolistic Competition differ from Oligopolistic Competition?
"Monopolistic Competition" is, unless I'm missing something, an oxymoron. "Monopoly" implies "no competitors," so who, precisely, is the monopoly supposed to be competing with? In an oligopoly, there are a few competitors, so there actually could be some competition; however, the term is generally used in a trust situation where the "competitors" more or less agree not to actually compete.
In what ways does imperfect competition differ from perfect competition?
Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
How does plateau differ from north to south?
you find that plateau covers most of the land because rises
Tariffs differ from taxes because tariffs are what?
Only collected on imported goods
Why did Jefferson and hamilton differ in their view of the government structure?
Because they wanted it to be perfect
How does BSNL Broadband differ from its competitors?
BSNL Broadband is an internet provider in India. In contrast to most of its competitors, its service quality is widely regarded as inferior and its prices not justifiable for the given service.
What is the angles of a perfect scalene triangle?
The angles will differ from one to the next
What is the perfect figure if a lady is 5'5'' or 5'8''?
There is no such thing as a perfect figure. Different societies have different ideas of beauty and desirability. Withi that, individuals differ in what they consider "perfect". You have the perfect figure for yourself if you are happy in your skin and are healthy.
What are examples of imperfect duties and how do they differ from perfect duties?
Imperfect duties are obligations that are not always required to be fulfilled, such as helping others or developing one's talents. They differ from perfect duties, which are obligations that must always be followed, like not lying or stealing.
Why do most sample means differ somewhat from the population mean?
The sample is not a perfect representation of the population.
How does Monopolistic Competition differ from Oligopolistic Competition?
"Monopolistic Competition" is, unless I'm missing something, an oxymoron. "Monopoly" implies "no competitors," so who, precisely, is the monopoly supposed to be competing with? In an oligopoly, there are a few competitors, so there actually could be some competition; however, the term is generally used in a trust situation where the "competitors" more or less agree not to actually compete.
How do specialty elastomers differ from commodity elastomers?
Specialty elastomers offer enhanced performance characteristics, are typically more expensive, and are sold by fewer competitors than commodity elastomers.
How do organisms differ in the ways they obtain food?
they differ because they make their own food
How do donkeys from Honduras differ from donkeys in Spain?
I would guess they differ because of breeding.
Why do factories differ in size?
Because if factories Because if factories
How do waves differ from one another?
Electromagnetic waves differ in there properties because of the difference in there frequency
