What is a difference between oligopoly and monopolistic competition? O Oligopolists consider the actions and reactions of their competitors. Oligopolists only compete with monopolists. Monopolistic competitors act like monopolies and oligopolists do NOT. Monopolistic competitors can make long-run profits.

What is a difference between oligopoly and monopolistic competition? O Oligopolists consider the actions and reactions of their competitors. Oligopolists only compete with monopolists. Monopolistic competitors act like monopolies and oligopolists do NOT. Monopolistic competitors can make long-run profits.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter14: Monopolistic Competition And Product Differentiation

Section: Chapter Questions

Problem 5P

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