Explan oligopoly market and monopoly market
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A monopoly and an oligopoly are economic market structures where there is imperfect competition in the market. Amonopoly market contains a single firm that produces goods with no close substitute, with significant barriers to entry of other firms.
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A monopoly contains a single firm that produces goods with no close substitute, while an oligopoly market has a small number of relatively large firms that produce similar, but slightly different products. In both cases, there are significant barriers to entry for other enterprises
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