Define imperfect oligopoly??
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Hey Mate!!!!!!
Oligopoly is a market structure in which there are only a few sellers of the homogeneous or differentiated products. So, oligopoly lies in between monopolistic competition and monopoly.
Example of Oligopoly:
In India, markets for automobiles, cement, steel, aluminium, etc, are the examples of oligopolistic market. In all these markets, there are few firms for each particular product.
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Oligopoly is a market structure in which there are only a few sellers of the homogeneous or differentiated products. So, oligopoly lies in between monopolistic competition and monopoly.
Example of Oligopoly:
In India, markets for automobiles, cement, steel, aluminium, etc, are the examples of oligopolistic market. In all these markets, there are few firms for each particular product.
hope this answer helps you
please mark it as brainliest
Answered by
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B. Oligopoly
• large number of potential buyers but only a few sellers.
• homogenous or differentiated product.
• buyers are small relative to the market but sellers are large.
• barriers to entry.
• large number of potential buyers but only a few sellers.
• homogenous or differentiated product.
• buyers are small relative to the market but sellers are large.
• barriers to entry.
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