the difference between perfect and imperfect oligopoly
Oligopoly
pure or perfect, monopolistic, oligopoly, and monopoly
Product differentiation
What is the difference between perfect competition and pure monopoly
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.
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.
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Oligopoly
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.
pure or perfect, monopolistic, oligopoly, and monopoly
Product differentiation
What is the difference between perfect competition and pure monopoly
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
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.
In monopolistic competition, sellers can profit from the differences between their products and other products.
Because of monopoly's and oligopoly's of larger firms and companies within the market. Hence sterilizing perfect competition( ex Apple)...
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.