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· Two firms in the industry
· Strong control over price.
· Uses Non price competition to compete
· Very strong Barriers to entry
What else can I help you with?
What are the Fundamental characteristic of the market system?
What are the Fundamental characteristic of the market system?
What industry fits the characteristic of market structure?
The technology industry often fits the characteristic of an oligopoly market structure, where a few large firms dominate the market, such as Apple, Google, and Microsoft. These companies have significant control over prices and product offerings while also engaging in intense competition and innovation. Barriers to entry, such as high research and development costs and brand loyalty, further reinforce this structure. Additionally, the rapid pace of technological advancement can lead to shifts in market share among these key players.
A crystal structure is characteristic of what?
atomic packing arrangements of ions, atoms etc. A crystal structure is a characteristic of a mineral.
Market structure of Australia?
market structure of Australia
Describe the structure of the media market?
the structure of the media market?
Is an oligopoly market structure the most efficient market structure?
no it is not
What market structure best describe the market for cars in the US?
What market structure best describe the market for cars in the US?
What is an characteristic of oligoply?
An oligopoly is characterized by a market structure where a small number of large firms dominate the industry. These firms have substantial market power which allows them to influence prices and other market outcomes. Oligopolies often involve interdependence among firms, with decisions by one firm impacting the actions of others in the market.
Which of the following is characteristic of a competitive market?
efficiency
What is the characteristic reproductive structure of the ascomycetes?
They are known as the ' sac fungi ' for this reproductive structure.
What is the role of the government in the market structure?
the role of the government in the market structure is to control inflection
What is market structure in the media industry?
Oligopoly :)
