An example of an organization operating as an oligopoly is the commercial airline industry, where a few major airlines dominate the market. This occurs due to high barriers to entry, such as significant capital investments, regulatory requirements, and limited access to airport slots. The major players often engage in price-fixing and coordinated marketing strategies, which can lead to reduced competition and higher prices for consumers. The interdependence among these firms also influences their pricing and operational decisions.
FMC
NOAA
Oligopoly!
oligopoly
No
Kmart operates in the retail sector, which is characterized by a mix of competitive dynamics, including elements of both oligopoly and competition. While Kmart competes with other large retailers like Walmart and Target, the presence of many smaller stores and online retailers means it does not strictly fit the definition of an oligopoly. Instead, it is part of a competitive market with a few dominant players. Overall, Kmart's market situation is better described as part of a competitive landscape rather than a true oligopoly.
Oligopolistic
Oligopoly
It's Chartered Organization.
Field Maintenance Company (FMC)
in oligopoly what is the nature of price elasticity
Yes, a non-profit organization can operate under the umbrella of a church organization because most churches operates as a non-profit organization.