A monopoly quality means the quality of goods in the monopolistic industry while the efficient quality refer to quality of goods in the competitive market.
This industry is where one firm and its product dominate an entire industry.
Here, there are little or no competition and people purchase that specific good or service from the firm.
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Monopoly promote fewer product while from efficient can promote several other products.
Monopoly is a type of market where the individual sells product or goods that are less competitive, the product nare usually without a substitute in the market.
Monopoly focus and promote few or single product while efficient is diverse with focus on many products.
Therefore, Monopoly promote fewer product while from efficient can promote several other products.
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