Monopoly Vs Perfect Competition
Suppose your firm has the opportunity to purchase either of
two drugstores. One is the only drugstore in a small town and the building
inspector there has guaranteed that no additional drugstores will be permitted.
The second is a drugstore in a large city where there are hundreds of
competitors. Is the purchase of the monopoly store the better decision?

Monopoly Vs Perfect Competition
Suppose your firm has the opportunity to purchase either of
two drugstores. One is the only drugstore in a small town and the building
inspector there has guaranteed that no additional drugstores will be permitted.
The second is a drugstore in a large city where there are hundreds of
competitors. Is the purchase of the monopoly store the better decision?