Read this article in Hindi to learn about the comparison between monopoly and perfect competition. एकाधिकार एवं पूर्ण प्रतियोगिता के अन्तर्गत सन्तुलन की शर्तों तथा वस्तु कीमत-निर्धारण की प्रक्रिया के अध्ययन के बाद यह आवश्यक है कि दोनों बाजारों की तुलना की जाये । दोनों बाजारों में कुछ समानताएँ तथा कुछ असमानताएँ हैं । समानताएँ (Similarities): 1. दोनों बाजारों की [...]
We often make a comparison between monopoly and perfect competition. Such a comparison is done in Fig. 7. If Fig. 7 represented the position of a firm under perfect competition then the equilibrium output would be OQ (where P = MC) and the price would be OP. If, however, the diagram were to represent a monopoly situation, the equilibrium output [...]
The upcoming discussion will update you about the differences between monopoly and perfect competition. The monopoly will make profits in excess of those merely necessary to keep in business, and no pressure exists for price to fall and reduce these. Under monopoly, prices are higher and output lower than they would be under Perfect Competition. The power of the monopolist [...]