Question

distinguish between monopoly and monaapolistic competition market explain yhe social cost of monopoly

Answer 1

Answer:

distinguish between monopoly and monaapolistic competition market explain yhe social cost of monopoly

Explanation:

A monopoly is the type of imperfect competition where a seller or producer captures the majority of the market share due to the lack of substitutes or competitors. A monopolistic competition is a type of imperfect competition where many sellers try to capture the market share by differentiating their products.

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