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the difference between perfect and imperfect oligopoly

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13y ago

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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.


Types of Market Competition?

Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly


Is DHL FedEx and UPS a perfect competition?

Oligopoly


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 are the four types of economic competition?

pure or perfect, monopolistic, oligopoly, and monopoly


A significant difference between perfect competition and monopolistic competition is that?

Product differentiation


What conditions does competition occur?

What is the difference between perfect competition and pure monopoly


What are the four degrees of competition that exist in a capitalistic economy?

The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.


What is the meaning of the word oligopoly?

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.


Which is the main difference between perfect competition and monopolistic competition?

In monopolistic competition, sellers can profit from the differences between their products and other products.


Why is perfect competition rarely seen in today's market?

Because of monopoly's and oligopoly's of larger firms and companies within the market. Hence sterilizing perfect competition( ex Apple)...


What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?

Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.