________________ and ______________ are often found together in a market.

Question

Quizplus · Accepted Answer

Monopolistic competition and oligopoly are often found together in a market because they both involve a limited number of firms with some degree of market power. In monopolistic competition, there are many firms offering differentiated products, while in an oligopoly, there are only a few dominant firms controlling the market. Both types of markets can result in higher prices and reduced consumer choice due to limited competition.

________________ and ______________ Are Often Found Together in a Market

__ and Are Often Found Together in a Market