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a. List and explain the characteristics of oligopoly and compare them to the characteristics of the other 3 market structures. The oligopoly market structure is one of the most significant types in our economy. Please discuss the oligopoly market structure, and list and explain the characteristics.

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Anne Gillian Duero
Anne Gillian DueroLv10
28 Sep 2019
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Related questions

Demonstrate/discuss your theoretical understanding of the characteristics of monopoly and oligopoly, also apply your understanding to provide examples of each of these two market structures.

1. What is the distinguishing feature of a monopoly? How does a monopolistic market retain that distinguishing feature, for example, what prevents it from becoming an oligopoly, or a perfectly competitive industry?

2. What is the distinguishing feature of an oligopoly?

3. Provide an example of a monopoly. Discuss/explain your choice.

4. Provide an example of an industry that, in your understanding, exhibits characteristics of an oligopoly. Discuss/explain your choice.

Choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics of the market structure that explain why the firm would be classified as such.

Choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics of the market structure that explain why the firm would be classified as such.

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