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vaieri [72.5K]
2 years ago
13

Whats the meaning of oligopoly and monopoly market structure​

Business
2 answers:
leonid [27]2 years ago
6 0
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
taurus [48]2 years ago
6 0

Answer:

Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence, whereas monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.

Explanation:

got it from class with help from investopida

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