Fact checked by Suzanne Kvilhaug Reviewed by Robert C. Kelly Monopoly vs. Oligopoly: An Overview A monopoly and an oligopoly ...

Unlike perfect competition, where numerous small firms compete with identical products, imperfect competition is ...

fizkes / Getty Images A monopolistic market is a market structure with the characteristics ... a natural industry concentration, or a monopoly or oligopoly, does not result in market inefficiencies.