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tangare [24]
3 years ago
12

What is one drawback of pure competition compared to monopolies?

Business
2 answers:
frutty [35]3 years ago
8 0

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

  • There are no dominant suppliers.
  • There is ease of entry and exit into the market
  • Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

weeeeeb [17]3 years ago
3 0

Answer:

d

Explanation:

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