Question

fill in the blank question
a good way to describe (monopolistic/oligopolistic) competition is that it mixes a small amount of monopoly power with a large amount of competition, while (monopoly/oligopoly) blends a large amount of monopoly power, a small amount of competition through entry, and considerable rivalry among firms.

Explanation:

Monopolistic competition has many firms producing differentiated products, giving each a small - degree of monopoly power due to product differentiation but also facing a large amount of competition. Oligopoly has a few large firms with significant monopoly power, some competition through entry barriers, and rivalry among firms.

Answer:

monopolistic; oligopoly