In the following ways Total surplus is maximized, deadweight loss is eliminated, and quantity sold would be the same.
In terms of market share, price regulation, and entrance obstacles, monopolistic and perfectly competitive markets differ significantly from one another.
In a monopolistic market, one business controls all aspects of the market, including pricing and supply levels for goods and services. A perfectly competitive market has many firms, as opposed to a monopolistic market, which only has one firm.
Supply, demand and prices vary in monopolistic and fully competitive markets depending on a variety of circumstances. In the real world, no market is either monopolistic or completely competitive.
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