A. how does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm?

Respuesta :

The demand curve confronting a immaculate

monopolist is downward sloping; that confronting the absolutely competitive firm is level, flawlessly versatile. This is often so for the unadulterated competitor since the firm faces a huge number of competitors, all creating idealize substitutes

  • A monopolistic advertise may be a showcase in which there's as it were one single dealer that produces and offers the yield for the whole showcase.
  • Imposing business models are cost creators and subsequently, have significant control over the cost because they can control the amount supplied.
  • Purely competitive firms exist in immaculate competition. Unadulterated competition could be a advertise condition in which all firms within the pure competition create a homogeneous item.
  • Besides, huge number of free dealers create the item. Be that as it may, each buyer includes a little advertise share in terms of the entire estimate of the advertise.

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