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How come there's 'monopoly' but not 'polypoly?

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In an oligopoly, firms may collude rather than compete. The cooperation makes them operate as though they were one firm. This changes the market structure from being an oligopoly to a monopoly. There must be some measure of competition in an oligopoly market structure. read more

But monopolies are usually set up by politicians, for political reasons, not economic, so there is no reason to be surprised if a jolly useful monopoly is economically destructive, sub optimal, and generally all round bad. read more

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