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Difference between Perfect competition and Monopoly

Some of the points on difference between perfect competiton and monopoly are as follows. So let us check compare perfect competiton and monopoly to know more about it.

Monopoly Perfect Competition
Firms are less efficient Firms are more efficient
Strict barriers to entry No barriers to entry
No cosumers choice More consumers choice
Lower average cost Higher average cost involved
No competition exist Competiton exists
Economies of Scale No economies of scale
Large scale production Small scale production
It is a price maker  Price taker
Just one supplier More than one supplier
No substitutes available  Substitutes available

Similar article on Advantages & disadvantages of Monopoly for more details.

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Coal consists of high content of carbon and other elements like, sulfur, hydrogen, oxygen, and nitrogen.

Coal is a naturally black sedimentary rock occurring in rock strata in layers or veins called coal beds or coal seams.

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Advantages and Disadvantages of International Trade

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Black Hat SEO

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In SEO - (Search Engine Optimization) some webmaster violates webmaster guidelines in orde to rank top in search results , such methods are known as black hat SEO. Duplicate content, Cloaking, keyword stuffing , SEO spamming are some of its types.

How to find 20 percent of a number ?

Let us see how to find 20 percent of a number. Some information or method showing how to calculate 20 percent of a number are follows:

In order to calculate 20 percent of number you need to follow two simple steps.

Step 1: Divide number by 10 for example if number is 100 then you have to divide 100/10 so answer is 10

Step 2: Multiply answer with 2, so in this case we have answer 10 so 10x2= 20

So 20 percent of 100 is 20

Example 2: What is 20 percent of 22

Answer 22/10= 2.2 now you have to multiply 2.2 with 2 so 2.2x2=4.4