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In an oligopoly, where a few firms dominate the market, customers may face limited choices and higher prices due to reduced competition. Firms may engage in price-fixing or collusion, leading to a lack of innovation and stagnant products. Additionally, the interdependence of firms can result in coordinated behavior that disadvantages consumers, such as maintaining high prices or reducing quality. Ultimately, customers may feel the negative effects of reduced market responsiveness to their needs and preferences.
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Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is asda a monopoly or oligopoly?
oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
Is comcast a monopoly or oligopoly market structure?
Oligopoly
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is asda a monopoly or oligopoly?
oligopoly
How do you respond to customers who rise problems in a way that the customers will find calm and helpful?
i really help them and solve her problems
Is airline industry a oligopoly or monopolistic?
Oligopolistic
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Anticipating problems or heading them off and alerting customers is being what?
Anticipating problems or heading them off and alerting customers is being proactive.
Anticipating problems heading them off and alerting customers is being?
Anticipating problems or heading them off and alerting customers is being proactive.
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.
Difference between collusive and non-collusive oligopoly?
If in an oligopoly market, the firms compete with each other, it is called a non-collusive, or non-cooperative oligopoly. If the firm cooperate with each other in determining price or output or both, it is called collusive oligopoly, or cooperative oligopoly. Collusive oligopoly exists when the firms in an Oligopolistic market charge the same prices for their products, in affect acting as a monopoly but dividing any profits that they make. Non collusive oligopoly exists when the firms in an oligopoly do not collude and so have to be very aware of the reactions of other firms when making price decisions.
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.
What is Pure Oligopoly?
a pure oligopoly is when few producers dominate the production of on item
