Oligopolies involve more than one company while monopolies involve only one. apex :]p
A monopoly involves no competition at all while pure competition involves a high level of competition.
A monopoly involves no competition at all while pure competition involves a high level of competition.
monoplistic competition involves slightly differentiated products while monoply involves a single product.
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.
Automobile manufacturing.
There is no difference. They are one and the same.
the city states
Boardwalk is the highest property and it is $400 in the original United States Monopoly.
monoplistic competition involves slightly differentiated products while monoply involves a single product.
Where they are on the map.
Standard Oil