c3f239dc_Monopoly__Characteristic_or_Event
[Perfect Competition] Large number of sellers and buyers producing a homogeneous good or service, easy entry. [Monopoly] Large number of buyers, one seller. Entry is blocked. [Characteristic or Event] 
Market
M a r k e t
D e m a n d a n d m a r g i n a l r e v e n u e c u r v e s
P r i c e
P r o f i t m a x i m i z a t i o n
P r o f i t
E f f i c i e n c y
Monopoly
Characteristic or Event