One major difference between monopoly and perfect competition is that?
-
A.
the perfect competitor is a price taker while the monopolist determines his own output -
B.
homogeneity of purpose exists for the perfect competitor while non-homogeneity of purpose exist for the monopolist -
C.
sellers are located all over the world in the perfect competition but sellers are only in one country in the case of the monopolist -
D.
there is free entry and exist in perfect competition but no free exist in monopoly