Forums Economics Assignment Help GCSE why prices tend to be lower in a competitive market rather than in a monopoly?

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    nammy
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    Which of the following best explains why prices tend to be lower in a competitive market rather than in a monopoly?
    A. A competitive market has more economies of scale
    B. A monopoly has less influence on the market
    C. New firms are free to enter the competitive market
    D. Profits are lower in a monopoly

    #16053
    nammy
    Participant

    Answer: C- New firms are free to enter the competitive market

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