Monopoly vs. Oligopoly: What’s the Difference?
Fact checked by Suzanne Kvilhaug Reviewed by Robert C. Kelly Monopoly vs. Oligopoly: An Overview A monopoly and an oligopoly ...
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Monopoly vs. Oligopoly: What’s the Difference?
For example, if one company cuts prices, other players typically follow suit. Prices are usually higher in an oligopoly than they would be in perfect competition. Because there is no dominant ...