no it is not
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
AR=MRnormal profits in the long runlarge number of sellersfree entry and excit ,as there are no barriersthe seller is only the price takerperfectly elasticeach firm is a part of the industry
At profit maximization, marginal cost equals marginal revenue. Price will be higher than marginal cost.
Monopoly
A true duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
AR=MRnormal profits in the long runlarge number of sellersfree entry and excit ,as there are no barriersthe seller is only the price takerperfectly elasticeach firm is a part of the industry
http://www.answers.com/library/Investment%20Dictionary-cid-57121 Oligopoly A situation in which a particular market is controlled by a small group of firms.An 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.Investopedia Says:The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market.
A true duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
The most efficient heating system available on the market today is a geothermal heat pump.
The most fuel-efficient roof rack available on the market is the Thule Aeroblade Edge.
The market structure that typically uses the most advertising is oligopoly. In oligopolistic markets, a few firms dominate, and they often engage in significant advertising to differentiate their products and capture market share. This competitive advertising helps them maintain visibility and influence consumer preferences, as well as respond to rivals' marketing strategies. Industries such as automobiles and consumer electronics are prime examples of oligopolies that heavily invest in advertising.
The most efficient tile floor removal machine on the market is the Ride-On Floor Scraper.
Most investors earn in an efficient market by buying and selling assets at fair prices based on available information, rather than trying to outsmart the market.
At profit maximization, marginal cost equals marginal revenue. Price will be higher than marginal cost.
The most efficient electric hot water heater available on the market is the heat pump water heater.
The most fuel efficient vehicles on the market today are usually hybrids. However, many small and economy sized vehicles on the market are not hybrids but are very fuel efficient as well.