What are some similarities and differences between oligopolies and monopolies?

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25-05-2021
Biology

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What are some similarities and differences between oligopolies and monopolies?

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myah200289 myah200289 · Answer 1 · 2021-05-25T02:29:09+02:00

myah200289 myah200289

25-05-2021

They both exhibit imperfect competition in that oligopoly has few sellers while monopoly has many sellers.

Or you can say

Firms have some level of control over prices in both competitive structures.

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