Economy, asked by priyamphukon230, 5 months ago

Right differenceces between Monopoly and perfect competition?5 marks

Answers

Answered by janujha432

Answer:

In a perfectly competitive market, price equals marginal cost and firms earn an economic profit of zero. In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. Perfect competition produces an equilibrium in which the price and quantity of a good is economically efficient.

Explanation:

Please thanks my answer

Previous Question

Next Question

Similar questions

Math, 2 months ago

Can somebody explain to me what is polar representation of a complex number? please answer quickly...

Math, 2 months ago

find the least number must be added to 6412 so as to get a perfect square.

Hindi, 2 months ago

1. जापानी लोग अपने बच्चों का पालन - पोषण बहुत ही अच्छी तरीके और होशियारी से करते हैं । ( अपूर्ण वर्तमान काल में बदलिए) 2. मंदिर के पुरोहित उस बच्चे को आशीर्वाद देते हैं । ( अपूर्ण वर्तमान काल में बदलिए)...

Social Sciences, 5 months ago