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3.What is the difference between a monopolistically competitive market and an Oligopoly market in the short and long run

3.What is the difference between a monopolistically competitive market and an Oligopoly market in the short and long run
asked 31.6k views
21 votes
3.What is the difference between a monopolistically competitive market and an Oligopoly market in the short and long run

asked
User Aleksander Rezen
by
8.1k points

1 Answer

6 votes

Answer:

Oligopoly is about the number of firms Monopolistic Competition is about variety of products

Step-by-step explanation:

answered
User Arup Sarkar
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8.2k points
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