What are and give some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
OLIGOPOLY - Only few sellers in a specific economy who controls a specific commodity. Examples - Mobile networking providing companies in India such as BSNL, Airtel, Reliance
Monopoly - A whole market dominated by only one seller. Cable television providers facing no competition.
Monopolistic Competition - Lots of sellers selling similar products, but they do not differ from their price and ingredients. Food Items are good example of that.
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