Wikipedia lists 46 property and casualty insurers with a national presence. (http:/enzperiodzwikipediazperiodzorg/wiki/List_of_United_States_insurance_companies#Property_and_casualty_insurance) This doesn't include the hundreds of local and regional insurers available to consumers. Auto insurance is not only a very competitive industry, it is also very highly regulated. This regulation occurs because auto insurance is mandatory, therefore there is an obligation by the government mandating auto insurance coverage to also oversee the insurance products and protect the consumer. Because of the large number of companies offering property and casualty insurance, and the strict regulation by the states, it is unlikely that there could ever be an oligopoly in auto insurance by GEICO or any other company.
oligopoly
Oligopoly!
Oligopolistic
Oligopoly
in oligopoly what is the nature of price elasticity
oligopoly
Oligopoly!
Oligopoly
Oligopolistic
in oligopoly what is the nature of price elasticity
Oligopoly is a market from where large numbers of buyers contact few sellers for the purpose of buying and selling things. The different types are a pure oligopoly, a differentiated oligopoly, a collusive oligopoly, and a non-collusive oligopoly.
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Oligopoly
I will probably say its more of oligopoly.
Oligopoly is a market with small number of buyers and sellers.
a pure oligopoly is when few producers dominate the production of on item
Market structure of the media industry: Oligopoly