4 ms·
> Where on earth did I imply oligopoly is not a form of monopoly? > But oligopoly is not a form of monopoly. This is wrong, sorry. It's the other way around,
by zzzcpan 8y ago
> Where on earth did I imply oligopoly is not a form of monopoly?
> But oligopoly is not a form of monopoly.
This is wrong, sorry.
It's the other way around, since we are talking about market economies, not literal meanings of words.
- chrisseaton 8y agoWhat do you think a monopoly is? What would you definition be?
- zzzcpan 8y agoAs I pointed out earlier, I think of markets on a scale between perfect competition and monopoly. Which I believe is common view. So anything can be described as monopoly if it's not competitive enough.