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i like monopoly the car and the dog are the best love jamie and callum

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Q: How is monopoly different from perfect competition?
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Related questions

Different types of market structure?

monopoly,perfect competition,monopolistic competition,


Types of Market Competition?

Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly


The opposite of perfect competition is?

It's a monopoly.


What conditions does competition occur?

What is the difference between perfect competition and pure monopoly


Why is Perfect Competition as a model better for society than unregulated Monopoly?

Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.


What are the two extreme market structure?

Perfect competition and monopoly


How is imperfect competition different from perfect competition?

In imperfect competition, there are really big companies that have a large effect on the economy, and there is even a monopoly sometimes. In perfect competitions, one of the requirements is not to have any sole firm have any noticeable impact on the economy.


What is perfect monopoly?

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.


What are the four types of economic competition?

pure or perfect, monopolistic, oligopoly, and monopoly


why is pure competition better compared to monopoly?

Yes, perfect competition allows the market to dictate prices where as a monopoly can set any price because there is no other alternative.


How do the features of perfect competition and monopoly affect the outcomes of the market?

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.


What are the four degrees of competition that exist in a capitalistic economy?

The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.