There are lots of differences between a market served by a, Ask an Expert

Economics

There are lots of differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items below according to whether they are associated with a single-price monopoly or perfect competition.

- price is higher than in other market structures

- an efficient quantity produced

- there are significant barriers to entry

- firms have no market power

- firms can earn positive economic profit in the long run

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91559787

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