How do monopolies and oligopolies differ from perfectly competitive markets?

The auto industry in the U.S. has long been dominated by the Big Three carmakers: Ford, General Motors, and Chrysler. The auto industry in China, on the other hand, has more than 170 carmakers. Automakers in the U.S. have some monopoly power while the car market in China has the characteristics of a perfectly competitive market. Based on these differences in market characteristics, explain how car makers in the U.S. will “behave” compared to carmakers in China. In particular, address the following considerations: How will carmakers in the U.S. respond to consumers’ desires compared to Chinese carmakers’ response to consumers’ desires, everything else being equal?

Why can it be difficult to decide what a “market” is for purposes of measuring competition?

In market structures, what are the roles of perfect competition, monopolistic competition, oligopoly, and monopoly?

Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include a. Oligopolies are self-regulating. b. Oligopolies can be kept in line by foreign competition. c. Oligopolistic industries may promote technological progress. d. Oligopolies may enga

Who was one who developed duopoly model in the economics??

How is monopoly different from perfect competition?

What are three sources of oligopolies?

write one to two pages : Describe in your own words the concept of market power

What’s the dominant theory effect and how does it play a role in the monopolistic competition market?