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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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What is Tooth Crown Lengthening Cost?

The information on crown lengthening cost is as follows. So let us find out what dental crown is and how much we need to pay for tooth crown lengthening.

What is dental Crown lengthening?

Dental crown lengthening a surgery or a treatment used to improve dental health. In this type of treatment excess gum tissue is removed by dentist or Periodontist. Treatment helps to prevent tooth decay and this type of surgery takes about less than 2 hrs. If you have uneven teeth or excessive gums then this type of dental surgery can improve your dental health.

Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.