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Sagot :
Oligopoly and monopolistic competition. The correct option is (c).
What is Oligopoly and monopolistic competition?
Oligopoly = a market structure with a limited number of companies and entrance restrictions.
Due to the interaction and interdependence of oligopolistic enterprises, oligopoly is an intriguing market structure. In an oligopoly, each firm's actions have an impact on the others.
The attributes and traits of perfect competition & monopoly will be discussed in the next section as monopolistic competition & oligopoly are intermediate market arrangements. These traits will serve as oligopoly's and monopolistic competition's distinguishing traits. When production occurs where marginal revenue and marginal cost are equal, an oligopoly optimises profits. Oligopolies have the power to establish prices as opposed to being price takers. Entry and exit restrictions are strict.
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