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Sagot :
In a(n) perfectly competitive competitive output market, employment will be higher than in a imperfectly competitive competitive output market. Perfectly competitive; imperfectly competitive (Market power causes firms that aren't perfectly competitive to create less output than they would if they were. As a result, they will employ fewer people and have a lesser demand for labor than perfectly competitive enterprises.)
What is Perfectly competitive market?
A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition.
Characteristics are:
- All firms sell an identical product (the product is a commodity or homogeneous).
- All firms are price takers (they cannot influence the market price of their products).
- Market share has no influence on prices.
What is an imperfectly competitive market?
Any economic market that does not adhere to the strict presumptions of a hypothetical perfectly competitive market is said to have imperfect competition. Imperfect competition is common and can be found in the following types of market structures: monopolies, oligopolies, monopolistic competition and monopsonies.
Know more about monopolies here:
https://brainly.com/question/7501858
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