Question

What are the features of monopoly and perfect competition market?
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Answer 1

Hey Mate...

A monopolistic market and a perfectly competitive market are two market structures that have several key distinctions, such as market share, price control and barriers to entry. In a monopoly, there is only one firm that dictates the price and supply levels of goods and services and has total market control.

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#Nisha

Answer 2

Monopoly-:

1. Single seller

2. No competition

perfect competition-;

1. many sellers

2. cut throat competition.