Answer to Question #276562 in Marketing for beyonce
- identify any five 5 characteristics of a monopoly
- explain any five 5 characteristics of an oligopoly
- Monopoly features include solitary sellers, price makers, profit maximizers, high barricades to entry, and price discrimination.
- The five distinguishing features of an oligopoly market structure include barriers to entry, the interdependence of firms, competition, group conduct, and advertising.
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