0
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
What else can I help you with?
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 are the 4 basic market structure and explain how they differ from one another?
The four basic market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition has many small firms producing identical products, while monopolistic competition has many firms selling similar but not identical products. Oligopoly has a few large firms dominating the market, while a monopoly has a single firm controlling the entire market. The main difference between them lies in the number of firms in the market and the level of product differentiation.
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.
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 best states the main difference between monopoly and monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
What is the difference between polyethylene and polyester?
what is the main difference between polyethylene and polyesters what is the main difference between polyethylene and polyesters
What is the main difference between the two products?
The main difference between the two products is their ingredients.
What is the main difference between animation and simulation?
There is no difference.
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 is the main difference between compaction and consolidation?
difference between campaction and consolition
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.
