Monopolistic competition is an industry in which products are differentiated,but in oligopolies products are standardized.

Name: Monopolistic competition is an industry in which products are differentiated,but in oligopolies products are standardized.
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Question

Quizplus · Accepted Answer

In an oligopoly, products are often differentiated and not standardized. This is because firms are competing for market share by offering products with unique features or branding.

Monopolistic Competition Is an Industry in Which Products Are Differentiated,but