Carlam12038526 Carlam12038526
  • 12-05-2021
  • Social Studies
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What is one difference between a market in monopolístic competition versus peer competition?

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dar12345 dar12345
  • 13-05-2021

Answer:

What is the difference between monopolistic competition and perfect competition?

In a monopolistic market, there is only one firm that dictates the price and supply levels of goods and services. A perfectly competitive market is composed of many firms, where no one firm has market control. In the real world, no market is purely monopolistic or perfectly competitive.

Explanation:

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