Ask Question
26 May, 22:41

In 3 or 4 sentences, explain why prices decrease when a market moves from a monopoly to perfect competition

+1
Answers (1)
  1. 26 May, 22:53
    0
    Prices will decrease when a market moves from a monopoly to a perfect competition mostly due to the fact that different providers of goods will try to outbid the other providers and will for that reason try to provide lower prices; to attract more customers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In 3 or 4 sentences, explain why prices decrease when a market moves from a monopoly to perfect competition ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers