--%>
Assignment Help - homework help

Monopoly competition and perfect competition

Write down the differentiations between monopoly competition and perfect competition?

E

Expert

Verified

In a monopoly, you are gaining inequitable benefits over any competition since you own so numerous infrastructures. Monopolies employed to be known as a trust that is why you sometimes hear of Anti Trust Law issues.

At one time, T and AT owned every phone line, each phone and each part of phone equipment in the country.

They monopolized the industry; how could you vie with them when they owned everything? Likewise, the Post Office has a brilliant infrastructure for delivering mail, however they don’t have a monopoly since UPS and FedEx and DHL have all found ways to carve a healthy piece of the parcel moving business, so though UPS always grumbles about the Post Office.

   Related Questions in Microeconomics

  • Q : Real interest rate in saving and

    When the real interest rate : (w) is low, there are greater incentives to borrow and fewer incentives to lend. (x) is low, there are greater incentives to lend and fewer incentives to borrow. (y) equals the nominal interest rate + the expected rate of

    		•
  • Q : Patents and freedom of entry and exit

    The LEAST compatible of such with the other three sets would be as: (w) entrepreneurship and innovation. (x) uncertainty and risk. (y) pure profit and monopoly. (z) patents and freedom of entry and exit. Hey friends please give you

    		•
  • Q : Constant shortages of a good problem

    Constant shortages of a good are nearly always attributable to: (1) legal ceiling prices which are set beneath equilibrium. (2) Recessions which yield maximum unemployment rates. (3) Price gouging by firms through monopoly power. (4) Legal price floor

    		•
  • Q : Problem on diminishing returns I have a

    I have a problem in economics on Problem on diminishing returns. Please help me in the following question. The principle of diminishing marginal utility is a contrast of the law of: (1) Comparative consumer benefit. (2) Diminishing returns. (3) Effective explanation.

    		•
  • Q : Define Optimal Sample Size Optimal

    Optimal Sample Size: The optimal or suitable size of sample in a survey or poll is the function of four discrete factors: 1. Size of the population: The size of the

    		•
  • Q : Determine prices for demand of buyers

    Buyers' demand prices would be ____ and sellers' supply prices would be ____ when the U.S. restricted car imports to Q1. (w) P2 and P1. (x) P0 and P2. (y) P0 and P

    		•
  • Q : Techniques of how to produce Techniques

    Techniques of how to produce?: Broadly, there are two main methods of production. (i) Labour intensive Technique: Under this method, production depends mostly on the

    		•
  • Q : Entry-exit in Long-run equilibrium of

    A competitive industry is in long-run equilibrium only after: (w) net pressure for entry or exit is zero. (x) each firm produces to its capacity. (y) owners reap all the profits they desire. (z) union bosses and firm managers reach mutual agreements.<

    		•
  • Q : Problem on Monopsonistic exploitation I

    I have a problem in economics on Monopsonistic exploitation. Please help me in the following question. The Monopsonistic exploitation of labor signifies that the: (i) Influenced workers receive much low wages. (ii) Firm reaps big economic gains by exploiting the worke

    		•
  • Q : Costs of rate of return The rate of

    The rate of return for an asset which costs $1,500 today and pays $1,800 a year from now is: (1) 5 percent. (2) 10 percent. (3) 15 percent. (4) 17.5 percent. (5) 20 percent. Please choose the right answer from abov

    		•