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no it is not
Monopoly
Perfect Competition
Monopolies are not the most common market structure, if they were you would not have the large variety of potato chips, drinks, etc.Instead "monopolistic" markets are arguably the most common form. In this market structure there are many firms who sell similar products (but not the same).
the adult film industry
no it is not
Out line the main features of parfect competition
Monopoly
Monopoly
The strengths are that it has a reduced cost of labor and it is growing fast. The weaknesses are the competitive market and the tax structure.
Perfect Competition
Monopolies are not the most common market structure, if they were you would not have the large variety of potato chips, drinks, etc.Instead "monopolistic" markets are arguably the most common form. In this market structure there are many firms who sell similar products (but not the same).
the adult film industry
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
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Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.