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Author Question: A difference between a perfectly competitive industry and a monopoly is that (Read 54 times)

SO00

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on: May 24, 2019
A difference between a perfectly competitive industry and a monopoly is that
◦ in the long run, firms in a perfectly competitive industry make zero economic profit and a monopoly can make an economic profit.
◦ a firm in a perfectly competitive industry can perfectly price discriminate but a monopoly cannot.
◦ only monopolies have an incentive to maximize profit.
◦ perfectly competitive firms can have a public franchise.
◦ a barrier to entry protects perfectly competitive firms in the short run and protects a monopoly in the long run.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by SO00 on May 24, 2019

stanleka1

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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SO00

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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