Is Toys "R" Us, Inc. considered to be in a monopolistic competition or an oligopoly?

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Perhaps for a very short time Toys "R" Us could have been said to have something close to an oligopoly or a monopoly on the toy retail market. In the mid-1980s, this franchise flourished, becoming by far the leading toy store, eclipsing smaller outlets like KB that were mostly limited to shopping mall settings. But Toys "R" Us declined in proportion to the rise of Wal-Mart in the 1990s, quickly losing market share to the retail giant. Several other factors led to the slow decline of Toys "R" Us. Children began turning away from the kinds of games and toys that the store specialized in and started playing video games and using digital devices. Also, the rise of online retailers (e.g., Amazon) was a development that Toys "R" Us had trouble adapting to. The store had built considerable brand recognition and consumer (and manufacturer) loyalty, but this was unable to compensate for the threat posed by its competitors. So any monopolistic presence it had in the toy retail market had...

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