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

what does k equal in kx+2y=k; if (2,-2)
how do you write 6/10 as a hundredths in fraction form and decimal form
Type 2 diabetes is treated with a medication to make the body sensitive to insulin. True? User: Type 1 diabetes is caused by a mutated gene. True?
Which of the following events occurred first
People commonly abuse drugs because they enjoy the physical or emotional effects that the drug produces. a. True b. False
When it is a means of paying for goods and services and discharging debts, money is referred to as a?
Shannon is putting a fence around the garden ,except where there is a gate that is 3 feet wide .one foot of the fence cost $43. the cost of the gate is $128.wri
What does the mutual reward theory state? A. Family values are more important than ethnic differences. B. When something becomes annoying, it has pa
What was valuable to the people of catal huyuk as gold is to people today
At the end of the Mexican-American war the US paid 15 million and left Mexico City in exchange for?