Practicing Success
Practicing Success
CUET Preparation Today
| The industry and the firm are same in |
Monopolistic competition Perfect Competition Oligopoly Monopoly |
| Monopoly |
| In a monopoly, there is only a single seller selling a product with no close substitutes. Since an industry is a collection the firms and a monopoly market structure consists of only one seller, industry and firm is one and the same. |
