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March 29, 2017

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Why do oligarchy exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oilgopoly from monopolistic competition?

  • econmics - ,

    Are you sure you mean "oligarchy?"

    This is a form of government, not a company or economic entity.

  • econmics - ,

    That's how the question is written in the textbook

  • econmics - ,

    Then the textbook is wrong.

    The word is "oligopoly," not "oligarchy."

    Check this site.

    http://www.investopedia.com/terms/o/oligopoly.asp

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