Distinction between monopoly and oligopoly

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Explain the difference between a monopoly and an oligopoly, the welfare effects of monopoly, cost advantages that create monopolies, government actions that create monopolies, and government actions that reduce market power.

SBC and ATT are planning to merge. Is tthis an monopoly or oligopoly and what actions, if any, do you think the government will take?

Reference no: EM1370859

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