0
There are three main characteristics of oligopoly. They are industry dominated by a small number of large firms, the firms sell identical or similar products, and the industry has significant barriers to enter.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agothe market for a commodity is dominated by a few firms each of which producing a considerable proportion of the total output of the industry. Oligopoly is of two types:
Pure oligopoly and
differentiated oligopoly.
If the product of the various firms is homogeneous, we call it pure oligopoly. Examples of pure oligopoly are found in such industries as sugar
Wiki User
∙ 12y agoFew more players
Supernormal profits in the both short & long run
Wiki User
∙ 11y agoa few large producers
Add your answer:
Earn +20 pts
What are characteristics of oligopoly?
An oligopoly is characterized by a market with a few firms having a negligible effect on price.
What are some characteristics of market structures?
oligopoly and monopoloistic
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
5 Describe the characteristics of an oligopoly market structure?
differentiated product only no entry either homogeneous or differentiated product difficult entry
What are characteristics of oligopoly?
An oligopoly is characterized by a market with a few firms having a negligible effect on price.
What are some characteristics of market structures?
oligopoly and monopoloistic
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
5 Describe the characteristics of an oligopoly market structure?
differentiated product only no entry either homogeneous or differentiated product difficult entry
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What are the types of oligopoly?
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.
What is meant by market structure?
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.
Can you use oligopoly in a sentence?
Oligopoly is a market with small number of buyers and sellers.
What is Pure Oligopoly?
a pure oligopoly is when few producers dominate the production of on item
