0
In an oligopoly, rivalry typically occurs through non-price competition, such as advertising, product differentiation, and innovation, rather than through price cuts. Firms may engage in strategic behaviors like collusion or forming cartels to maximize profits while avoiding price wars. Price competition can still happen, but it's often limited due to the interdependence of firms; each firm's pricing decisions significantly affect the others. This results in a careful balancing act to maintain market share while ensuring profitability.
What else can I help you with?
Is BP an oligopoly?
No, because of two reasons. An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). BP is not a market form, but a global oil company. And BP is certainly not small.
A car manufacturer may regard his business as highly competitive because he is keenly aware of his rivalry with the other car manufacturers in the market when making pricing and investment decisions?
Oligopoly structure
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is asda a monopoly or oligopoly?
oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
How do you write rivalry in plural form?
The plural form for the noun rivalry is rivalries.
Is BP an oligopoly?
No, because of two reasons. An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). BP is not a market form, but a global oil company. And BP is certainly not small.
A car manufacturer may regard his business as highly competitive because he is keenly aware of his rivalry with the other car manufacturers in the market when making pricing and investment decisions?
Oligopoly structure
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is asda a 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
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.
What is Pure Oligopoly?
a pure oligopoly is when few producers dominate the production of on item
Can you use oligopoly in a sentence?
Oligopoly is a market with small number of buyers and sellers.
