Perfect competition Oligopoly
(a) There are many buyers buyers and sellers
(b) There is free entry and exit
(c) Homogenous commodity
(d) A single seller can influence the market
(e) A firm can make supernormal
(a) Few sellers and many buyers
(b)There is restrictions on the entry and exit of
forms
(c) Commodities are either homogenous or
differentiated
(d) A single seller can influence the market
(e) Firms can make supernormal profits in the
long run profits only in the short run
gideon1 answered the question on October 1, 2017 at 05:10
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