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    Neerak's Avatar
    Neerak Posts: 1, Reputation: 1
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    #1

    May 4, 2009, 07:42 AM
    Perfect competition vs Monopoly
    What are the differences and similarities between a perfectly competitive firm and a monopoly?:eek:
    dustin104's Avatar
    dustin104 Posts: 1, Reputation: 1
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    #2

    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.
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