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  3. possible answers: \"few large, high barriers, iden

Possible answers: \"few large, high barriers, identical, low barriers, many small, one large, similar, without close substitutes.\"...

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Economics

Possible answers: \"few large, high barriers, identical, lowbarriers, many small, one large, similar, without closesubstitutes.\" Please try to match the spelling exactly so that Bbwill not misgrade your answer.

Perfect competition features BLANK-1 seller(s) while puremonopoly features BLANK-2 seller(s). Perfectly competitive marketsfeature sellers whose products are BLANK-3 when compared to thoseof other sellers while monopolies feature sellers who products areBLANK-4 when compared to those of other sellers. In perfectcompetition there are BLANK-5 to entry while in monopoly there areBLANK-6 to entry. BLANK-1

Answer & Explanation Solved by verified expert
4.1 Ratings (700 Votes)
Answer Blank 1 many small Perfect competition features many small sellers The number of sellers is large each of whom has a small share in the total supply of the marketHence there are many small sellers in perfect competition Answer blank 2 one large A pure Monopoly    See Answer
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