What are some similarities and differences between a pure monopoly and oligopoly? what would be a good example of a company in a monopoly and one company in oligopoly for comparison?
In both industries, firms have total control in determination of commodity prices. Both induatries exhibits imperfect... View the full answer
Sign up to view the full answer
For similarities: Both have a large market share and power In both cases, their are barriers to entry For... View the full answer