ibbyali1829 ibbyali1829
  • 02-12-2020
  • Advanced Placement (AP)
contestada

Difference between monopoly and monopolistic competition

Respuesta :

zowiereid24
zowiereid24 zowiereid24
  • 02-12-2020

Answer:

monopolistic competition is when an industry has many firms offering products that are similar but not identical. unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profit. Monopolies dictate over a specific thing so they are the only thing that is selling.

Explanation:

google & known knowledge

Answer Link

Otras preguntas

The area of a triangle is (1/2)bh. A triangle has an area of 24 in2. If the base is 12 inches, what is the height?
explain the process/chain of infection
PLEASE HELP! what are the temperatures during winter and summer on mars?
18. Describe two strategies that can help you make better use of the revision stage of the writing process
Help please thank you <33
critically discuss the economic importance of the secondary sector to the south African economy.​
Friday and you are leaving school . You are going to the pizza palace and then the movies with your friends . After the movies you go home and Saturday you wake
I WILL MARK BRIANLIEST
गुहायाः ka arth in hindi​
POSSIBLE POINTS 50 Mr Franklin needs to pay for his three kids to go to college. He figured out that college will cost an average of $50,000 per year per child