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1:28
YouTube
One Minute Economics
Monopoly vs. Oligopoly vs. Competition: Monopolies and Oligopolies Defined, Explained and Compared
Terms such as monopoly, oligopoly and competition get thrown around a lot but how many people understand let's say the difference between a monopoly and an oligopoly? Through today's animation, I've defined monopolies and oligopolies as well as tried to compare a monopoly situation to an oligopoly one and, of course, to (perfect or imperfect ...
168.7K views
Aug 4, 2017
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