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Features of Oligopoly.
The important features of oligopoly are given as follow :
1. Few Sellers
2. Homogeneous or differentiated products
3. Entry is possible but difficult
4. Interdependence
5. Uncertainty
6. Indeterminateness
7. Price rigidity
8. Non price competition
9. Tendency to form cartel
10. Close substitutes
Wiki User
∙ 13y ago
Wiki User
∙ 16y agothe features of oligopoly is that there are barriers to enry which disallows incapable firms to enter the market. also they can achieve supernormal profit in the long run.
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Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
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
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
What is the distinctive feature of an oligopoly?
there are few sellers in a certain industry. This occurs because a large investment is required to enter the industry, which makes it difficult to enter or leave
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
Is a Gas station with convenient store a oligopoly?
I will probably say its more of oligopoly.
Price wars are prima facie evidence of what economic market?
Oligopoly
