thabisonyezi002 thabisonyezi002

19-05-2024
Business

Answered

Different between monopoly and perfect market

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fanatuta fanatuta

19-05-2024

Answer:

In a monopolistic market, there is only one firm that dictates the price and supply levels of goods and services, and that firm has total market control. A perfectly competitive market is composed of many firms, where no one firm has market control.

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