Asked by Erick

Why do oligarchy exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oilgopoly from monopolistic competition?
Answered by Ms. Sue
Are you sure you mean "oligarchy?"

This is a form of government, not a company or economic entity.

Answered by Erick
That's how the question is written in the textbook
Answered by Ms. Sue
Then the textbook is wrong.

The word is "oligopoly," not "oligarchy."

Check this site.

http://www.investopedia.com/terms/o/oligopoly.asp

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