The following are possible characteristics related to different market structures, EXCEPT:Monopoly always implies the existence of positive economic profitsThe key characteristic for Monopolistic Competition is product differentiation.Under Perfect Competition firms will compete only in price since the product is standard. Collusion is a profitable but unstable strategy under oligopoly.
Different market structures
We help you get better grades, improve your productivity and get more fun out of college!!
Get Homework Answer for this question
Free title page
Free reference page
Free formatting
Unlimited revisions