A Major Difference Between Oligopoly and Monopolistic Competition Is That

question 90

Multiple Choice

A major difference between oligopoly and monopolistic competition is that monopolistically competitive firms and oligopolies do not

• A)Have high concentration ratios.
• B)Have many competitors.
• C)Have high barriers to entry.

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Definitions:

Pretax Income

The amount of income earned by a business before any taxes are deducted.