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What manifests oligopoly situation?

Updated: 11/23/2022
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Q: What manifests oligopoly situation?
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What are some example of opligopoly?

http://www.answers.com/library/Investment%20Dictionary-cid-57121 Oligopoly A situation in which a particular market is controlled by a small group of firms.An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market.Investopedia Says:The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market.


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.


A situation where there are a few large firms and any change in one firm's output or prices will affect the whole market is known as?

oligopoly (study islands)


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 the difference between cartel and oligopoly?

Monoply is a situation in which a single person or individual or a business dictates the whole system and people are dependent only on that single individual or business.While cartel is a situation where a group of businesses or companies work hand in hand instead of competing with each other to benefit themselves and not the consumer.In both conditions the consumer is the looser.


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