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Answer:

PointOligopolyMonopoly
Number of sellersA few big sellers.A single seller.
CompetitionCompetition and rivalry among the few sellers.No competition.
SubstitutesProducts may be homogeneous or differentiated, with close substitutes.No close substitutes.
InterdependenceFirms are interdependent in deciding price and output.The monopolist decides price independently.
ExampleMobile network service providers, car makers.Indian Railways.
Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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