Oligopoly!
oligopoly
Oligopolistic
Oligopoly
in oligopoly what is the nature of price elasticity
Monopoly, Oligopoly, pure competition and monopolistic competition
Oligopoly!
oligopoly
Oligopolistic
Oligopoly
Difficult variable to analyze
in oligopoly what is the nature of price elasticity
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.
The automobile industry is considered an oligopoly because it is dominated by a small number of large companies that have significant control over the market. These companies have the power to influence prices and competition, making it difficult for new entrants to enter the market.
differentiated product only no entry either homogeneous or differentiated product difficult entry
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.
a pure oligopoly is when few producers dominate the production of on item