Want this question answered?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
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.
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
It's a monopoly.
i like monopoly the car and the dog are the best love jamie and callum
The Meralco Electric Company is a perfect example of monopoly in the Philippines
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.
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
It's a monopoly.
i like monopoly the car and the dog are the best love jamie and callum
Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.
Perfect competition and monopoly
monopoly,perfect competition,monopolistic competition,
pure or perfect, monopolistic, oligopoly, and monopoly
perfect, monopolistic,oligopoly, and monopoly
What is the difference between perfect competition and pure monopoly
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly