Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
It's a monopoly.
monopoly,perfect competition,monopolistic competition,
What is the difference between perfect competition and pure monopoly
Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.
Perfect competition and monopoly
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
It's a monopoly.
monopoly,perfect competition,monopolistic competition,
What is the difference between perfect competition and pure monopoly
Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.
Perfect competition and monopoly
i like monopoly the car and the dog are the best love jamie and callum
A perfect monopoly is where a company that makes goods and services has absolutely no competition from anyone else. For example, Coca Cola is already on its way to a perfect monopoly although companies like Pepsi are still competeing.
pure or perfect, monopolistic, oligopoly, and monopoly
Yes, perfect competition allows the market to dictate prices where as a monopoly can set any price because there is no other alternative.
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Because of monopoly's and oligopoly's of larger firms and companies within the market. Hence sterilizing perfect competition( ex Apple)...