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What is bilateral oligopoly?

Updated: 9/26/2022
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13y ago

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Bilateral Oligopoly is a market structure in which a few sellers and a few buyers exist and both demand and supply sides have market power. There is no absolute equilibrium defined for such structure. the example is the intermediate goods market that is a few suppliers compete each other to sell and a few buyers compete to buy. collusion may happen on both sides.

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13y ago
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Q: What is bilateral oligopoly?
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