Monopolistic Competition Vs Oligopoly

The market in the form of monopolistic competition model, those that fall between the markets alone, free competition and full of pure monopoly, are many. One of the important forms prevailing in monopolistic competition market is oligopoly, oligopoly which is narrower types of monopolistic competition. The oligopoly market contain a small number of producers may not exceed two in some cases, and called duopoly market. The oligopoly market problems are clearly distinct from the problems of free markets, competition and full competition and monopolistic market of pure monopoly vary.
In a duopoly, whether the product is categorized or variety or similar, the product of the individual have to take into account the indirect consequences of the decision to change the price or production, any decision taken by the product or the first bidder would be the reaction directly from the second product, and will reflect his decision the case of the first viewer. As the curves of product revenue, in the cases of full competition, monopoly and full cost is completely independent of the actions of the viewer in the case of goods not classified. The determination of the case and all of the production volume and cost of the oligopoly does not know the answer to one or a specific solution, but is …show more content…
Do we have an oligopoly? How the consumer gets the best price in the market? And when the government intervened to curb price rises and is it successful policy has