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One of the main differences between a monopoly and an oligopoly is the number of firms that control the market. In a monopoly, a single firm dominates the entire market, allowing it to set prices and control supply without competition. In contrast, an oligopoly consists of a few firms that hold significant market power, leading to interdependent pricing and strategic decision-making among them. This results in a competitive environment, albeit limited, where firms must consider the actions of their rivals.
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What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What are the main differences between tanker market and dry cargo market?
whats good in wet market??????
What best states the main difference between monopoly and monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
Which f the following best states the main difference between a monopoly and monopolistic competition?
Under pure competition there are large number of buyers and sellers, homogeneous products and free entry and exit. Whereas under Monopoly there is a single seller, there are no close substitutes for the commodity it produces and there are barriers to entry.
How does Disney Monopoly differ from the standard game?
There are not many differences between the Disney version and the standard version of Monopoly. The main difference is that the playing pieces are based off of Disney characters.
What were the main differences between hunter gatherer societies and those based on agriculture?
what were the main differences between hunter gather societies and those based primarily on agriculture
How many types of monopoly exist in the market?
There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What are the main differences between the Class 90 and Class 91?
The main differences between the Class 90 and Class 91 were comfort whereby Class 91 was more comfortable.
What are the main differences between walls?
Size and material its made of
What are the main differences between a jaguar and a cat?
The Jaguar is a cat.
What are the differences between the Mayans and the arawaks?
The mayans main crop was Maize (corn) and the Arawaks main crop was Cassava. Hope this helped... This was a social difference.
What is the main differences between Cantonese culture and Australian Culture?
Kangaroos
What are the main differences between the 1500s and today?
women had to serve men
What was the main differences between the tramecksan and the slamecksan?
The heights of their shoe heels
