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    Huyền Trần
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    Oligopoly price is greater than competitive price but less than monopoly price because in an oligopoly there are a limited number of providers rather than a single provider as in a monopoly. The price charged by an oligopolist is higher than a competitive price but not as high as the monopoly price since there is more than one provider in an oligopoly market.

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    Oligopoly price is greater than competitive price but less than monopoly price because in an oligopoly there are a limited number of providers rather than a single provider as in a monopoly. The price charged by an oligopolist is higher than a competitive price but not as high as the monopoly price since there is more than one provider in an oligopoly market.

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    8 views1 page

    Untitled

    Uploaded by

    Huyền Trần
    Oligopoly price is greater than competitive price but less than monopoly price because in an oligopoly there are a limited number of providers rather than a single provider as in a monopoly. The price charged by an oligopolist is higher than a competitive price but not as high as the monopoly price since there is more than one provider in an oligopoly market.

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    The reason oligopoly P is greater than competitive Price but less than monopoly Price is that in

    oligopoly, there is a limited number of providers, while in monopoly, there is a single provider.
    Therefore, the price charged by an oligopolist is likely to be higher than the price charged by a
    monopolist, but not as high as the price charged by a competitive market.

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