Comparison Of Oligopoly, Monopoly, And Perfect Competition: An Essay On Market Structures.

Overview of Oligopoly Market Structure
(a) . Brief Comparison of Oligopoly, Monopoly and Perfect Competition Market Structures in the perspective of the allocation of resources:
Oligopoly is the market structure in an economy where there are a small number of sellers offering similar or identical items in the economy of many buyers (Dabara et. al 2018). A real life example can be a tennis ball market (Mankiw 2020). If one goes to buy a …