Can the absence of government intervention be a similarity between perfect competition and monopoly?

Q: What are the major assumptions of the theory of imperfect competition. Please explain them in detail…

A: Assumptions of theory of imperfect competition 1.Many sellers and buyers There are many sellers and…

Q: Which of the following could explain why a firm is a monopoly? Select one or more answers from the…

A: ANS Patents : In the presence of patents a firm legally gets the license from the government to be…

Q: Economics Supposes Monopharm wants to maximize profit, what quantity does it sell, what price does…

A:

Q: what is the similarities between perfect competition and monopoly?

A: Perfect competition and monopoly markets, both two different market structures. however, there are…

Q: If multiple fırms colluding to charge higher prices would lead to higher profits than when competing…

A: In the market with big firms, there used to be some level of market power enjoyed by these firms,…

Q: Why is marginal revenue lower than price for a monopoly?

A: A monopoly is a form of imperfect competition that has a single seller and a large number of buyers.…

Q: Based on the literature ,demonstrate the differences between free competition and monopoly.  Refer…

A: "Market structures" relate to the various market factors that affect how sellers interact with one…

Q: How does a demand curve differ in perfect competition from a demand curve in a monopoly?

A: To show the difference between the demand curve under perfect competition and the demand curve under…

Q: Under what condition is a monopoly preferred to perfect competition? Use a diagram to explain your…

A: Under perfect competition, there are large number of buyers and selling selling homogeneous goods.…

Q: Compare the equilibrium of a firm under perfect competition with that of a monopolist in the…

A: Perfect Competition is a market structure where there is a large number of firms. Entry and exit…

Q: explain  what happens to a monopoly firm operating in the long-run.

A: A monopoly is a single seller that has control over the market supply. This implies monopoly is a…

Q: What economic formula or graph does the Anti-Trust Department follow before they decide to break up…

A: Normative economics deals with what should happen or what ought to be.

Q: What do you see as the main costs and benefits of allowing a single firm to gain a monopoly in an…

A: A monopoly is a form of market where there is a sole producer of a particular product in an…

Q: What is the relationship between economies of scale and a natural monopoly?

A: Economies of scale- Scale economies, where goods produced in larger quantities become cheaper and…

Q: "Because a monopoly is the only source of supply, the firm is not constrained by the market demand…

A: Th monopoly is the market structure which has a single seller and many buyers in the market. The…

Q: 20. world? Which of the following, if true, would make finding a pure monopoly difficult in the real…

A: Monopoly is a type of market structure in which there is only a single seller in the market.

Q: Select one or two examples of an industry characterized by monopoly and discuss how each example…

A: A monopoly is a market structure characterized by the existence of a single firm as the producing…

Q: If an industry could be organized either perfectly competitively or as monopoly, a monopoly would…

A: Perfect competition is a market structure in which there are large number of buyers and seller…

Q: If you are to compete with a monopoly, what will be your biggest roadblock or challenge? Why?

A: Monopoly: It refers to the market where there is a single producer in the market. The producer helps…

Q: how is the way an unregulated monopoly sets its price different from how products are priced in a…

A: Unregulated monopoly is characterised by  A market with single seller  No statutory ceiling price…

Q: If you were managing a monopoly, and small entrant tried to enter your market, explain why it might…

A: We show that monopoly is a type of màrket characterized by a single seller selling different…

Q: Is it bad for consumers if a large corporation drives down prices to eliminate competition? Explain

A: A situation when two or more rival companies lower the prices of a similar product with the aim to…

Q: Discuss the forms of competition that exist in amarket.

A: A ‘market’ refers to a place where the goods are bought & sold. The goods are exchanged at the…

Q: Why might monopoly arise?

A: Monopoly is a form of market where there is barriers to entry and exit as there is only one seller.…

Q: What is meant by diminishing costs and monopoly (imperfect competition)

A: Answer -

Q: Identify the primary difference between a purely competition and a monopoly market

A: Market structure is a term used in economics to describe how different industries are classified and…

Q: Differentiate between Perfect Competition and Monopoly?

A: The major difference between perfect competition and monopoly form of market areNumber of buyers and…

Q: A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s)…

A: Perfectly competitive firm is a price taker and monopolist is a price maker.

Q: Write down the differences between Monopoly and Perfect Competition?

A: Meaning of Perfect Competition: The term perfect competition refers to the market under which…

Q: From a societal point of view, can we claim that perfect competition and monopoly are equally…

A: Answer: Monopoly and perfect competition both are extreme forms of market structure, perfect…

Q: Under what conditions would a firm be most likely to use non-price competition?

A: Non-price competition is a competition where firms concentrate on other methods to attract customers…

Q: How is monopoly different from perfect competition?

A: A market is a place where the buyers and sellers interacts with each other party and determines the…

Q: Which of the following is not a reason for the existence of a monopoly? Select one: a. Sole…

A: Monopoly: It refers to the single product which is selling goods and services to the people. The…

Q: Why does monopoly arise?

A: A market is a place where the trading between the buyers and sellers takes place, it is divided as…

Q: Explain Social cost under monopoly?

A: Under monopoly, the social cost refers to deadweight loss which is created because the monopolist…

Q: Compare and contrast the similarities and differences between perfect competition and monopoly.

A:

Q: With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A:

Q: Analyze graphically the difference between monopoly and perfectly competitive market

A: The difference is given below

Q: In the attached graph is a depiction of a monopoly.  At what output should he or she produce?  What…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…

Q: What would be evidence of serious competition between firms in an industry?

A: The competition in the market is generally available to due to many factors relating to the firms…