INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi Monopoly and Imperfect Competition soru detayı:

PAYLAŞ:

SORU:

What is the difference between a perfectly competitive market and a monopoly?


CEVAP:

Compared to a perfectly competitive market, a monopoly produces less than
the socially efficient quantity of output and charges a relatively higher price, hence creates a deadweight loss.