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Distinguish between perfect and imperfect oligopoly

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Distinguish between perfect and imperfect oligopoly

Posted by Sahil S 4 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Perfect oligopoly	Imperfect oligopoly
If the firms produce the homogeneous the product then it is called perfect oligopoly.	If the firm produces differentiated products then it is called imperfect oligopoly.
It is rare to find this type of situation. Examples: cement, steel, aluminium and chemical producing industries	Examples: Passenger cars, cigarettes and soft drinks.

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