When comparing perfect competition and monopoly, a major assumption made is that
A) the monopolist faces a downward sloping demand curve.
B) consumers only care about the price of the good and not whether the seller is a monopoly or not.
C) the costs of production are the same under monopoly as under perfect competition.
D) the monopolist can make an above normal rate of return.

Question

Quizplus · Accepted Answer

The Answer of When comparing perfect competition and monopoly, a major assumption made is that
A) the monopolist faces a downward sloping demand curve.
B) consumers only care about the price of the good and not whether the seller is a monopoly or not.
C) the costs of production are the same under monopoly as under perfect competition.
D) the monopolist can make an above normal rate of return.

When Comparing Perfect Competition and Monopoly, a Major Assumption Made