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How does the article introduce the distinction between monopoly and oligopoly? *
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12 votes
How does the article introduce the distinction between monopoly and
oligopoly? *

User WLatif
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20 votes

Answer:

There are many firms in monopolistic competition but only one in monopoly. ... In oligopoly, there are only a few firms whereas in monopolistic competition, there are many firms so the potential for collusion no longer exists. What is the difference between perfect substitutes and imperfect substitutes?

Step-by-step explanation:

User Yoztastic
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