Solved: A monopoly and oligopoly, Explain a monopoly and oligopoly that you have recently, Microeconomics

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A monopoly and oligopoly

Assignment:

Question 1. Explain a monopoly and oligopoly that you have recently purchased a product from. Please relate your answer to the market characteristics.

Question 2. Explain why there is a lack of competition that exists in these market structures.

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Microeconomics: A monopoly and oligopoly

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Microeconomics: A monopoly and oligopoly

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