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
Plagiarism-free and delivered on time!
We are passionate about delivering quality essays.
Our writers know how to write on any topic and subject area while meeting all of your specific requirements.
Unlike most other services, we will do a free revision if you need us to make corrections even after delivery.