contestada

what is the main difference between a competitive firm and a monopoly firm? the number of customers served by the firm. monopoly firms are more efficient and therefore have lower costs. monopoly firms can generally earn positive profits over a longer period of time. monopoly firms enjoy government protection from competition.

Respuesta :

Parrain

The main difference between a competitive firm and a monopoly firm is C. monopoly firms can generally earn positive profits over a longer period of time.

How are monopolies different from perfect competition?

In a monopolistic market, a single company controls the amount of supply and the prices of goods and services. A market with perfect competition is one with many enterprises and no dominant player.

Under conditions of monopoly, the discrepancy between price and marginal cost generates super-normal profits for the monopolist. A company would only see normal earnings in the long run under perfect competition.

As a result, monopoly businesses typically have the ability to turn a profit over a longer period of time.

Find out more on monopolies at https://brainly.com/question/13113415

#SPJ1

Otras preguntas