Distinguish between perfect oligopoly and imperfect oligopoly
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perfect oligopoly is a oligopoly with no product differentiation and imperfect oligopoly is without product differentiation
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In perfect oligopoly a firm produces homogeneous products, whereas in imperfect oligopoly differentiated products are produced.
Interdependence between the firms is one of the prime features of oligopoly.
Perfect oligopoly is theoretical concept whereas imperfect oligopoly is a practical concept.
Steel, Cement, and producing industries are the evidences of perfect oligopoly.
Alternatively, Cars, soft drinks, etc. are the specimens of imperfect oligopoly.
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