Explore BrainMass
Share

Explore BrainMass

    Comparing different market structures

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Address the differences between monopolies, monopolistic competitions, and oligopolies.

    © BrainMass Inc. brainmass.com April 3, 2020, 8:55 pm ad1c9bdddf
    https://brainmass.com/economics/monopolies/comparing-different-market-structures-348381

    Solution Preview

    Please refer attached file for solution in tabular form.

    Market Characteristics

    1. Number of firms/size of firms
    Monopolistic Competition: Market structure is characterized by large number of relatively small firms
    Oligopoly: Oligopoly has small number of relatively large firms
    Monopoly: There is only one firm in this case

    2. Product
    Monopolistic Competition: Many real or ...

    Solution Summary

    Solution compares the characteristics of monopolies, monopolistic competition and oligopolies.

    $2.19

    ADVERTISEMENT