What type of competition is Marriott International Is it perfect monopolistic oligopoly or a monopoly?

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2026-09-06 15:05

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Marriott International operates in an oligopoly market structure within the hospitality industry. While there are many hotel brands, a few large companies, including Marriott, dominate the market, leading to limited competition. This allows Marriott to exert significant influence over pricing and services while still facing competition from other major hotel chains. Thus, it does not fit the characteristics of a monopoly or perfect competition.

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