An oligopolistic competition is a type of competition between multiple large firms. In this situation, they make up a big part of a market share.
Oligopoly competition means there are few sellers. They sell homogeneous products in the market for getting maximum profits. The mr=mc in the case of oligopoly competition.
describe competition
no
oligopolistic competition
Oligopolistic
criticisms on oligopolistic competition
centralization of ownership
No
probably oligopolistic; several large firms, a few small.
yes
Price collusion may occur in oligopolistic industries because the suppliers may want to guarantee high profits for each other. If one reduces the prices too much, the other may be forced to also reduce and this may lower profits for one player.
Centralization of ownership has led to an industry controlled by a few large companies
The media industry's oligopolistic market structure is caused by high barriers to entry, such as the high cost of infrastructure and content creation. Additionally, economies of scale play a role as larger companies can spread their costs over a larger audience. Finally, consolidation and mergers contribute to the concentration of power among a few key players in the industry.
Yes. This is because of the high standard of living and its high wage. But that's not all. it's also because of the oligopolistic-corporatist structure of Swiss industrial.