This fact distinguishes the market structure from a monopolistic competition where the firms are similar but not identical. On the other side, there exists more than one player in this kind of market what makes it different from the monopoly. So the situation begins in a difficult way for an oligopolist: on the one side he would like to play the game of a monopolist and on the other side, he does everything to avoid the entry of new players, which will have a negative impact about his profit...
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So the situation begins in a difficult way for an oligopolist: on the one side he would like to play the game of a monopolist and on the other side, he does everything to avoid the entry of new players, which will have a negative impact about his profit. So, he is faced with the first dilemma. We will go deeper into this topic later in the paper...
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