Ask Question
HistoryHistory
10 August, 01:51

Which is the main difference between perfect competition and monopolistic competition?

+2
Answers (2)
  1. 10 August, 01:59
    0
    In perfect competition, the prices depend on the supply and demand. in a monopolistic competition the prices are set above the marginal cost
  2. 10 August, 04:23
    0
    Monopolistic competition differs from Prefect competition in that production does not take place at the lowest possible cost. Because of this, firms are left with excess production capacity. This market concept was developed by Chamberlain (USA) and Robinson (Great Britain).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which is the main difference between perfect competition and monopolistic competition? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following factors contributed to Egypt's relative stability over 2000 years? A. A network of waterways linked them to other empires through trade. B. The Nile River flooded predictably, irrigating the crops. C.
Answers (1)
Which 3 major catastrophes struck Europe prior to the Protestant Reformation?
Answers (1)
Did eugene v. Debs support or oppose the idea that critics of ww1 were anti american?
Answers (1)
What is lagitudes and lattues of the whole wide world
Answers (1)
Which article of the United States Constitution outlines the structure and powers of the executive branch?
Answers (2)
New Questions in History
Pretend that you are a settler in the Upcountry in 1720. You have heard about the Regulators. Would you join them Why or why not?
Answers (1)
Britain's response to the Boston Tea Party was to do what? A. punish the Boston colonists economically B. place a tax on tea C. ban the transport of tea from the colonies D. form the Sons of Liberty
Answers (1)
The Declaration of Independence describes certain rights that are known as which of the following?
Answers (2)
Which citizen's movement led to the passing of the Civil Rights Act of 1964?
Answers (1)
A result of the boxer rebellion of 1900 in china was that it a. weakened the chinese imperial government b. strengthened the chinese imperial government c. closed the door on trade with china d. encouraged an open door trade with china
Answers (1)
Home » History » Which is the main difference between perfect competition and monopolistic competition?
Sign Up Forgot Password?