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Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
Wiki User
∙ 9y ago
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
Wiki User
∙ 9y ago
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