What are some similarities and differences between oligopolies and monopolies?

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25-05-2021
Biology

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What are some similarities and differences between oligopolies and monopolies?

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myah200289 myah200289 · Answer 1 · 2021-05-25T02:29:09+02:00

myah200289 myah200289

25-05-2021

They both exhibit imperfect competition in that oligopoly has few sellers while monopoly has many sellers.

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Firms have some level of control over prices in both competitive structures.

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