What distinguishes oligopoly from monopolistic competition?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:00 AM

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What distinguishes oligopoly from monopolistic competition?

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Number of Firms In an oligopoly there are only a few dominant firms in the market while in monopolistic competition there are many small firms The sma...View the full answer

Microeconomics

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