Perfect competition and monopoly are the two extremes of market structures. Discuss the difference between the markets. Analyze...

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Economics

Perfect competition and monopoly are the two extremes of marketstructures.
Discuss the difference between the markets.
Analyze the considerations for an entrepreneur thinking aboutentering either market. Use examples from a business you mightconsider opening one day.
Post your initial response (of at least 250 words) Be sure torespond to at least two posts from other students or yourinstructor. Your responses in the discussion board must bewell-written according to APA. Finally, be sure to includein your initial post at least one reference using professional andscholarly references. Sources such as The Balance,EconomicsHelp.org, Investopedia, and other help websites are notacceptable).

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4.1 Ratings (883 Votes)

Monopoly is a market situation where there is only one seller and all buyers depend on him He is the price makerHe is in full control of the supply and demand is inelastic Demand curve slopes downwardThere is homogeneous product in the market and competition does not existIn Monopoly PMRMCOutput is small as decided by the seller and there is See Answer

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