Economy, asked by mantavya7080, 10 months ago

Difference between oligopoly and monopolistic competition essay

Answers

Answered by prashant247

Answer:

The most obvious difference is in the number of firms involved. In an oligopoly only a few firms are in the market. By contrast, many small firms are involved in monopolistic competition. An oligopoly is generally considered to consist of between two and twenty firms.

Previous Question

Next Question

Similar questions

Math, 5 months ago

12 multiply 13.6 multiply 0.25...

Physics, 5 months ago

The bright fringes are termed as (a) minimum (b) maximum (c) bright spots (d) dark spots...

Social Sciences, 5 months ago

answer in two sentences 4) what is coalition Growerment...

Computer Science, 10 months ago

C programs are converted into machine language with the...

Math, 10 months ago

Find the largest number that divides 1251 9377 nd 15628 leaves remainder 1, 2,3...

Chemistry, 1 year ago

If pKb for fluoride ion at 25 degree celsius is 10.83,the ionisation constant of hydrofluoric acid in water at this temperature is??? please tell me how to do long calculations in this.

Math, 1 year ago

from a group of 2 boys and 3 girls, two children are selected at random. find the probability both selected children are girls the selected group consists of one boy and one girl at least one boy is selected...

Physics, 1 year ago

Two advantages of connecting electric devices in parallel with a source in domestic circuit...