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Econ 247 > Chapter 16 - Monopolistic Competition > Flashcards

Chapter 16 - Monopolistic Competition Flashcards

1
Q

Oligopoly

A

A market structure in which only a few sellers offer similar or identical products

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2
Q

Monopolistic competition

A

A market structure in which many firms sell products that are similar but not identical

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Econ 247 (8 decks)

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