Differentiate features Monopolistic & Oligopolistic Markets – InterviewSolution

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1.	Differentiate features Monopolistic & Oligopolistic Markets
Answer» An oligopoly market has a SMALL number of relatively large firms that produce similar but slightly different products. Again, there are significant BARRIERS to entry for other ENTERPRISES. ... Thus, the FIRM may be a monopoly in a region but operate in an oligopoly market in a LARGER geographical area.

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