davenport ECON625 forum 4

Why are competitive markets considered more efficient than monopolistic markets? Give economic reasons. Give a real-life example of a market that tends to be competitive and one that tends to be monopolistic. Describe characteristics that support your classification. Is there evidence of efficiency or inefficiency in either of the markets you describe?

Originally posted 2018-07-18 04:53:17. Republished by Blog Post Promoter