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what are the advantages of oligopoly? what are the advantages of oligopoly?

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Joel Labadie

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3y ago

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The presence of oligopoly in the car industry can limit competition and consumer choice. Oligopoly occurs when a few large companies dominate the market, leading to less variety and innovation in products. This can result in higher prices for consumers and less incentive for companies to improve their products or offer better deals. Overall, oligopoly in the car industry can restrict options for consumers and stifle competition.


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Is oligopoly is best for Indian economy?

Oligopoly can have both positive and negative effects on the Indian economy. On one hand, it can lead to increased efficiency and innovation among a few dominant firms, benefiting consumers through improved products and services. However, it may also result in reduced competition, higher prices, and potential market manipulation, which can harm consumers and small businesses. Therefore, whether oligopoly is "best" for the Indian economy depends on how it is managed and regulated.


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Is sainsbury's monopoly or oligopoly?

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What is an oligopoly and what effect did it have on business?

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