More or less: The main difference between oligopolistic competition and monopolistic competition is that the relative size and market power of each company is based on the number of competitors in the market.
Difference between oligopolistic market and monopolistic market structure Market structure is the interrelated characteristics of the market such as the number of companies, the level and form of competition, the degree of product differentiation (Business Dictionary, 2012).
In this paper, we focus on two points, monopolistic competition and oligopolistic market, by discussing these differences and the impact on customers.
However, costs rise because firms are forced to spend money on advertising.
Differences between oligopolistic competition and monopolistic competition The oligopolistic market structure is a market structure that occupies the majority of industry output, with a few large producers in the industry. The monopolistic competition is a market structure including a large number of sellers, each seller is relatively small, and the market share is small.