Question

The main difference between perfect competition and imperfect competition involves _____. types of consumers control over price the structure of the company

Answer 1

Control over prices is the answer

Step-by-step explanation:

Answer 2

The main difference of both types of competitions is the structure of the company. Perfect competition is a part of microeconomics that describes a structure of the market that is controlled entirely by market forces or consumers. While imperfect competitions feature competitive markets where oligopoly is an example. This is were fewer sellers of a product are present in the market based on its current status or structure. Perfect competition is a theoretical type of model of economics because a lot of markets today in society almost always involves imperfect competitions.