wal mart is considered to be an oligopoly. It can't be considered a monopoly because it isn't the sole company in its market.It has competition such as target. The only way Wal-Mart is a monopoly is in their low prices in which no one can beat.
Oligopoly!
oligopoly
Oligopolistic
Oligopoly
in oligopoly what is the nature of price elasticity
oligopoly
Oligopoly!
oligopoly
Oligopolistic
Oligopoly
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.
Kmart operates in the retail sector, which is characterized by a mix of competitive dynamics, including elements of both oligopoly and competition. While Kmart competes with other large retailers like Walmart and Target, the presence of many smaller stores and online retailers means it does not strictly fit the definition of an oligopoly. Instead, it is part of a competitive market with a few dominant players. Overall, Kmart's market situation is better described as part of a competitive landscape rather than a true 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.
a pure oligopoly is when few producers dominate the production of on item
Oligopoly is a market with small number of buyers and sellers.
Oligopoly