1.

Highlight any three differences between monopolistic competition and oligopoly.

Answer»
Monopolistic CompetitionOligopoly Competition
It is a market structure containing a large number of relatively small firms.It is a market structure containing the small number of relatively large firms.
There are free entry and exit of other firms.The entry is not free.
A demand curve is downward sloping.The exact behaviour of the demand curve is difficult to predict.


Discussion

No Comment Found

Related InterviewSolutions