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What must an oligopoly firm realize?

Updated: 11/22/2022
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Q: What must an oligopoly firm realize?
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Sony Ericsson is oligopoly firm?

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Which market structure is the demand curve of the market represented by the demand curve of the firm?

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I think the market structure of the apple is oligopoly because the firm like apple creating the ipod and iphone is some what few not exceed to 10 also. so, the firm apple applies to oligopoly market structure.


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How is an oligopoly different from monopoly?

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Why the demand curve in an oligopoly is kinked?

because oligopolistic firms are unlikely to benefit from a reduction in prices, it is something known as game theory, each firm is attempting to get the edge over their competitor, but not with prices. This is because if one firm reduces their prices, it is highly likely that the others will do the same and in the end all parties finish with the same market share as when the price war erupted; but because they reduced prices, profit is lost, with no benefit for the firm


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