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How is an oligopoly market different from both a perfectly competitive market and a monopoly? There are only a few sellers that have control over
How is an oligopoly market different from both a perfectly competitive market and a monopoly?
There are only a few sellers that have control over the market.
An outside party, such as a government, regulates price, quantity, or quality of goods.
There are barriers to entry for new companies.
The goods being sold are very different from one another.
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