Neerak
May 4, 2009, 07:42 AM
What are the differences and similarities between a perfectly competitive firm and a monopoly?:eek:
dustin104
Dec 3, 2009, 07:05 PM
Moonopoly: one firm, sell a product with barriers to entry protecting them from having someone else come in and start selling beside them.
Perfect Competition: Many firms selling identical products with no barriers to entry, anyone can enter or exit at anytime. There are complete opposites.