Monopolies and oligopolies are similar in that both owe their existence to government intervention in the marketplace.

Question

Quizplus · Accepted Answer

Monopolies and oligopolies can arise due to various factors, not just government intervention. These include economies of scale, control over key resources, technological superiority, and strategic actions by firms. Government intervention is only one of several possible reasons for their existence.

Monopolies and Oligopolies Are Similar in That Both Owe Their