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- AR=MR
- normal profits in the long run
- large number of sellers
- free entry and excit ,as there are no barriers
- the seller is only the price taker
- perfectly elastic
- each firm is a part of the industry
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoA monopoly consist of 1 firm operating in one market while an oligopoly consist of 2 or more firms in that particular market all producing similar goods (oligopolistic competition).
Wiki User
∙ 12y agowhy the car market is dominated in European union by oligopoly
Wiki User
∙ 14y agomonopoly is when just one company rules the specific market. oligopoly is when a few companies rule the market.
Wiki User
∙ 9y agoAn oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market.
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Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is comcast a monopoly or oligopoly market structure?
Oligopoly
What company operating under condition of monopoly and oligopoly?
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is comcast a monopoly or oligopoly market structure?
Oligopoly
What company operating under condition of monopoly and oligopoly?
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Is Tesco supermarket monopoly or oligopoly or monopolistic competition?
it is not the company which can be said as monopoly or oligopoly, these both terms refer to two different MARKET structures. therefore the retail industry of UK is said to have similar features as in oligopoly as there are some firms like Tesco, Sainsbury and ASDA which lead the market.
What is The opposite market structure of a monopoly is?
Oligopoly
What are possible market structures for an economic system?
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
Is Facebook a monopoly an oligopoly or a monopolistic competition?
Oligopoly. Few or top producers, around 60% of the market.
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.
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.
Were patents and copyrights established by the government to reduce oligopoly and monopoly power?
No patents and copyrights were established by government to increase oligopoly and monopoly power.
