Sasol operates in an oligopoly within the energy and chemicals sector, particularly in South Africa. This is characterized by a few large firms dominating the market, leading to limited competition. While Sasol has significant market power due to its size and resources, it does not operate as a monopoly because there are other competitors in the industry. Thus, it influences prices and market dynamics but does not have complete control.
Oligopoly!
oligopoly
Oligopoly
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Oligopoly!
oligopoly
Oligopoly
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Oligopoly
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
Oligopoly. Few or top producers, around 60% of the market.
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.
No patents and copyrights were established by government to increase oligopoly and monopoly power.
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Tel me also advantages and disadvantages of Oligopoly?