When comparing industries, a monopolistically competitive industry is less competitive than an oligopoly.

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An oligopoly is a market structure with only a few large firms dominating the industry, which can lead to reduced competition and higher prices for consumers. In contrast, a monopolistically competitive industry has many firms competing against each other with differentiated products, giving consumers more choices and potentially lower prices. Therefore, an oligopoly is generally considered to be less competitive than a monopolistically competitive industry.

When Comparing Industries, a Monopolistically Competitive Industry Is Less Competitive