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Which of the folllowing best states the main difference between a monopoly and an oligopoly?
Oligopolies involve more than one company while monopolies involve only one. apex :]p
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
Which f the following best states the main difference between a monopoly and monopolistic competition?
Under pure competition there are large number of buyers and sellers, homogeneous products and free entry and exit. Whereas under Monopoly there is a single seller, there are no close substitutes for the commodity it produces and there are barriers to entry.
In the United States which industry could best be defined as an oligopoly?
Automobile manufacturing.
What is the difference between a state of United States and state of United States of America?
There is no difference. They are one and the same.
Who Best states the main difference between a monopoly and monopolistic competition?
The main difference between a monopoly and monopolistic competition lies in the number of firms and the type of products they offer. A monopoly exists when a single firm dominates the market, offering a unique product with no close substitutes, allowing it to set prices without competition. In contrast, monopolistic competition features many firms that sell similar but differentiated products, leading to some degree of price-setting power while still facing competition. This results in a market where firms compete on factors beyond just price, such as quality and branding.
What is the difference between Greek city states and Sumerian city states?
the city states
What best states the main difference between a monopoly and a monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
What is the highest price in monopoly?
Boardwalk is the highest property and it is $400 in the original United States Monopoly.
What monopoly did Italy have in the 1300s?
In 1300 Italy was not yet a state , but a myriad of independent feudal seignories, city states, maritime republics, the States of the Church and states subject to foreign monarchies. Therefore Italy as a whole had no monopoly. The Maritime Republics of Genoa, Venice, Pisa had the monopoly of the maritime routes to the Mediterranean Eastern States, that means they had also the monopoly of the spice trade.
