Assume that a pure monopolist and a purely competitive firm have the same unit costs. Contrast the

Question:

Assume that a pure monopolist and a purely competitive firm have the same unit costs. Contrast the two with respect to
(a) Price,
(b) Output,
(c) Profits,
(d) Allocation of resources,
(e) Impact on the of income.
Since both monopolists and competitive firms follow the MC = MR rule in maximizing profits, how do you account for the different results? Why might the costs of a purely competitive firm and those of a monopolist be different? What are the implications of such a cost difference?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...