a) What defines an oligopoly and how is it different from mo…
Questions
а) Whаt defines аn оligоpоly and how is it different from monopolistic competition? Give at least two ways that they are different. b) List five oligopolists whose products you own or regularly purchase. c) Of the five you listed in part b), choose one and explain how you are better or worse off than if the industry were monopolistically competitive instead?