One Way in Which Monopolistic Competition Differs from Oligopoly Is

question 108

Multiple Choice

One way in which monopolistic competition differs from oligopoly is that

• A)there are no barriers to entry in oligopolies.
• B)in oligopoly markets there are only a few sellers.
• C)all firms in an oligopoly eventually earn zero economic profits.
• D)strategic interactions between firms are rare in oligopolies.

---

Definitions:

Vertical Network

A specific type of social network or business network that connects participants within a particular industry or professional sector.

Niche Market

A niche market is a distinct segment of a larger market, characterized by a specific set of needs, preferences, or identity, often under-served by mainstream providers.

Social Community Zone

Social community zone refers to a digital space where individuals with common interests come together to share information, experiences, and connect with each other, often facilitated by social platforms.