3 Different Forms of Imperfect Competition | Market Situation

The following points highlight the three different forms of imperfect competition. The different forms are: 1. Oligopoly 2. Duopoly 3. Monopolistic Competition. Imperfect Competition Form # 1. Oligopoly: Oligopoly is a market situation in which there are a few firms selling homogeneous or differentiated products. It is difficult to pinpoint the number of firms in the Oligopolist market. There may [...]