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AveGali [126]
3 years ago
14

Which is the main difference between perfect competition and monopolistic competition?

History
2 answers:
Ray Of Light [21]3 years ago
7 0
Monopolistic competition differs from Prefect competition in that production does not take place at the lowest possible cost. Because of this, firms are left with excess production capacity. This market concept was developed by Chamberlain (USA) and Robinson (Great Britain).
g100num [7]3 years ago
5 0
In perfect competition, the prices depend on the supply and demand. in a monopolistic competition the prices are set above the marginal cost
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The  settlement house movement worked to address poverty by create social clubs, community groups and provides aids for the poor.

<h3>How did settlement houses  work against poverty?</h3>

Settlement houses  help the poor people in the environment  by helping the poor tenants  as well as the establishment of the social clubs, community groups, and cultural events.

It should be noted that this promote fellowship between the residents and also some Education programs were also conducted , hence  settlement house movement worked to address poverty by create social clubs, community groups and provides aids for the poor.

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