Solution-How is a monopolist different from a perfectly

How is a monopolist different from a perfectly competitive

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Reference no: EM132156645

Discussion Question

Choose one of the two questions listed below and respond in your main post, following the instructions below. Main posts should be at least 150 words and include at least one APA formatted source.

1. Perfect Competition - Chapter 8

Why is Perfect Competition the "best" form of market structure? Does Perfect Competition exist? Describe the features of a perfectly competitive firm. Provide examples to support your views.

2. Monopoly - Chapter 9

How is a monopolist different from a perfectly competitive firm? Is monopoly ever justified? Why or why not? Provide examples of public and private monopolies to support your arguments.

This Week 3 Threaded Discussion is a choice between the 2 market extremes of Perfect Competition and Monopoly.

You are NOT asked to compare these very different forms of business structure, but only to discuss the ONE of them.

It might make your discussion a little more meaningful, however, to compare these business forms here - to give clearer perspective to your writing.

Reference no: EM132156645

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How is a monopolist different from a perfectly competitive

Reference no: EM132156645

Reference no: EM132156645

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