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Is Shell Oil Company a oligopoly?

Updated: 12/11/2022
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14y ago

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Yes, competitors are 'a few' being Exxon Mobil, BP etc. Oligopolies usually have high barriers to entry, have strong control over pricing, some control over price, and advertise aggressively. They also have a 'kinked' demand curve.

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14y ago
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Q: Is Shell Oil Company a oligopoly?
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