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Explain Oligopoly price and profits will be between the monopoly and competitive ends of scale?
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What are the similarities between oligopoly and pure monopoly?
They both have to deal with money and buying out.
What is meant by market structure?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
What is the one main difference between a monopoly and an oligopoly?
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where -?
perfectly competitive industry become a monopoly， what changes
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
What is the meaning of the word oligopoly?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
What s the difference between monopoly and oligony?
The definition of monopoly is one firm in the marketplace selling a particular good. An oligopoly is when a small group of firms comprise the market for a particular good. In the real world, there may be several, or even many, smaller competitors to a monopoly or an oligopoly, but the monopolist or the oligopoly still controls the vast share of the market. For example, Standard Oil repeatedly drove new entrants out of the market before its breakup.
How are a monopolistic firm and a competitive firm similar?
Monopoly means that there are no competitor for your product or servises
What is difference between perfect competition and oligopoly?
the difference between perfect and imperfect oligopoly
Which of the folllowing best states the main difference between a monopoly and an oligopoly?
Oligopolies involve more than one company while monopolies involve only one. apex :]p
what is the differences between Perfect Competition and Monopoly Market?
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
What factor characterizes the competitive relationship between firms in an oligopoly market structure?
B. interdependence: what one firm does in setting prices, determining production levels, investing in R&D, and so forth can significantly affect other firms competitive positions.
