Meaning and Types of Markets — Economics STD 10 — Question
ICSE BoardEnglish MediumSTD 10EconomicsMeaning and Types of Markets1 Mark
Question
What is the difference between perfect and imperfect oligopoly?
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Answer
If in an oligopoly market, the firms produce homogeneous products, it is called perfect oligopoly. If the firms produce differentiated products, it is called imperfect oligopoly
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