Homework Help: microeconomics - monopoly vs perfect competition

Posted by RyaN on Wednesday, November 8, 2006 at 11:30pm.

hi, can sum1 help me?

wats difference between monopoly and perfect competition?

one is a solely dominated market and the other is a market with many producers

1)The monopolist is the price-maker. But the firm i under aperfect compepetion is the price-taker. 2)Products under perfect competion are identical but theremay difference in product under perfect competition. 3)There is free entry under perfect competition but the the free is not observed under monopoly.

thanks! *big kiss*

Hi! Very nice site! Thanks you very much! dIuRf40QCgjY7

The difference between Monopoly and perfect competition is that:
1) In Monopoly, price can easily be changed whiles in Perfect competition price cannot due to the competition in the system.
2) The monopoly's products have no close substitute whiles perfect competition's product have.

microeconomics - monopoly vs perfect competition - arthur, Tuesday, April 29, 2008 at 1:27pm
Monopolistic market operates under the following assumptions:
a. there is only one seller
b. THE PRODUCT HAS NO CLOSE SUBSTITUTES
c. High barriers of entry into the market exists
Perfect competition is ruled by competition(there is more than one company
competing for sales of the same or similar
product.
- microeconomics - monopoly vs perfect competition - Arames, Saturday, May 31, 2008 at 9:34am
  Thanks! That was brief but helpful
- microeconomics - monopoly vs perfect competition - meenakci, Friday, November 14, 2008 at 12:33am
  send me monopolic theory
pflsr dxklji - okegnbat wmqilfavx, Tuesday, May 13, 2008 at 8:40am
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bugkc kxujvzawt - bugkc kxujvzawt, Sunday, February 1, 2009 at 10:34pm
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microeconomics - monopoly vs perfect competition - rey4wte, Friday, April 10, 2009 at 10:48am
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microeconomics - monopoly vs perfect competition - noor, Friday, January 22, 2010 at 6:24am
in perfect competition there is free entry of markeys
pure competition - josephine, Tuesday, December 21, 2010 at 3:28pm
a market with many buyers and sellers
microeconomics - monopoly vs perfect competition - haroon, Wednesday, November 30, 2011 at 2:01pm
basic contrast between monopoly and imperfect compitetion
microeconomics - monopoly vs perfect competition - Raazia khan, Wednesday, January 30, 2013 at 8:26am
The basic difference between monopoly nd perfect competition is
microeconomics - monopoly vs perfect competition - -, Thursday, February 14, 2013 at 12:07pm
good site557697cbc43deb8fbe920e52b5c6e94e

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