Essay from the year 2006 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: A, University of Bradford, course: MBA, 20 entries in the bibliography, language: English, abstract: Two questions are covered by this paper: 2 a) Compare and contrast the models of perfect competition and monopoly. (50%) 2 b) 'Monopoly profits are essential for higher innovation rates and future economic growth.' Evaluate this statement. (50%)