Economy, asked by prasenjitdas3818, 11 months ago

Differentiate between monopolistic competition and oligopoly.

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Answered by farhankhan121
1

Answer:

Oligopoly is a market structure containing a small number of relatively large firms, with significant barriers to entry of other firms. Monopolistic competition is a market structure containing a large number of relatively small firms, with relative freedom of entry and exit.

Explanation:

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