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What is the difference between monopoly and perfect competition?
Monopoly versus Perfect Competition:
1. Perfect competition is equal to monopoly competition, at the perfectly competitive firm's profit-maximizing quantity of output
2. Perfect competition is greater than to monopoly revenue and equal to monopoly competition, at the monopolist's profit-maximizing quantity of output.
Compared long with a competitive industry, a monopolist does the given below:
Management Decisions: An effective demand forecast assists the management to take suitable steps in factors which are relevant to decision making like plant capacity, raw-material
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a bus operates two routes,one to harare and another one to johanesburg.the company analyst estimated that the elasticity of demand for joburg is 0.9 while for harare is 2.the compa
explain williamsons model of managerial discretion?
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Q. Characteristics of perfect competition market? Following are the characteristics of perfect competition market: • Large Number of Sellers andBuyers: As there are a lar
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