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Leya [2.2K]
3 years ago
13

Explain the similarities between monopolistic competition and oligopoly.

Advanced Placement (AP)
1 answer:
stepan [7]3 years ago
5 0
The difference is in a mono there is only one so there is no competion and they control everything. and in a oligopoly is it is a small group of a few and there is little of none completion they work together. <span />
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Hey, please help. thanks
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Answer and Explanation:

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iVinArrow [24]
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Explanation:

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Difference between monopoly and monopolistic competition
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Answer:

monopolistic competition is when an industry has many firms offering products that are similar but not identical. unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profit. Monopolies dictate over a specific thing so they are the only thing that is selling.

Explanation:

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