assume that a monopoly and a perfectly competitive industry have the same costs of production and market demand, and neither is regulated or subsidized by the government. then the industry with the higher price and lower output will be: g

Because entry barriers are higher due to greater investment and the homogeneity of the commodities, higher demand and hence higher prices are produced at lower rates.

For high-quality products, the main layer of mineral wool must be homogeneous during production. The primary layer's mineral wool distribution in the output portion of the collection chamber is uneven and asymmetrical. Secondary effects such local mineral wool layer ripping and rolling have a stochastic nature and cause temporal and spatial disturbances of the velocity field in the collection chamber. Mineral wool producers are working to enhance the material's ability to insulate. The uniformity and isotropy of the fibre distribution in the finished product serve as the basis for evaluating the primary layer quality standards.
When perfect substitutes, homogenous items are those that consumers cannot discern any true or real distinctions between the products offered by other businesses. The most crucial differentiator for businesses that manufacture similar goods is price.

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