velamMcgirl velamMcgirl

31-05-2017
Business

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Which is the main difference between perfect competition and monopolistic competition?

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milkeyway milkeyway

04-06-2017

a market that experiences perfect competition, prices are dictated by supply and demand. Firms in aperfectly competitive market are all price takers because no one firm has total market control. Unlike amonopolistic market, firms in aperfectly competitive market have a small market share

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25-04-2019

Answer:

In perfect competition, the buyer is free to buy from any seller he or she chooses

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