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Question
multiple choice question
oligopolies have
o more firms than perfect competition
o the same number of firms as monopolistic competition
o fewer firms than monopolistic competition
o the same number of firms as perfect competition
o fewer firms than monopolies
Oligopoly is a market structure with a few large - firms. Perfect competition has many firms, monopolistic competition also has many firms, and monopoly has one firm. So oligopolies have fewer firms than monopolistic competition.
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fewer firms than monopolistic competition