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Business, 11.10.2019 10:30 mem81

Which best states the main difference between a monopoly and pure competition?

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a monopoly involves no competition at all while pure competition involves a high level of competition.

a market structure with pure competition is much easier to establish than a monopoly.

both monopolies and pure competition involve multiple sellers with undifferentiated products.

a monopoly is only possible in a mixed economy while pure competition is only possible in a free-market system.

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Which best states the main difference between a monopoly and pure competition?

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