Relative to a perfectly competitive market, a monopoly results in.

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felaa felaa · Answer 1 · 2022-05-02T14:00:46+02:00

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Formation of Monopoly shows that theres is only one supplier in the market with many buyers, this results in outcome of many catels

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kapoorprachi783 kapoorprachi783 · Answer 2 · 2022-06-01T15:27:15+02:00

Relative to a perfectly competitive market, a monopoly results in a gain in producer surplus equal to the gain in consumer surplus.

If a perfectly competitive industry becomes a monopoly, then we know that the industry supply curve becomes the monopoly.

Yes, it does, because it causes a deadweight loss. If a perfectly competitive industry turns into a monopoly, then consumer surplus will.

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