Tutor profile: Maya G.
What is the purpose of the topic sentence of a paragraph?
To state the main idea of the paragraph and to tie it back to the thesis statement.
What are the barriers of entry in a monopolistic market?
Legal restrictions such as patents, economies of scale, and control of essential resources.
What are the characteristics of perfect competition?
This market will have many buyers and sellers, a standardized product, full product information, and easy entry and exit of the market.
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