in monopoly thre is perfect knowledge or imperfect nd y?

  In monopoly,contrary to perfect competition market structure, the monopolist has a specialized information which is not known to other producers and this is the reason which keeps other firms to enter into the market.So,in a way there is imperfect information in monopoly.

On consumers side, consumers know about the producer perfectly but they don't have any option besides going to him as it is a monopoly.

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In a monopoly market a consumer has perfect knowledge of the commodity , but although he has to purchase it at the given price because there is no alternate of that commodity available in the market........

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