oligopoly
Oligopoly!
That would be an oligopoly.
an oligopoly
Oligopoly
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
oligopoly
Oligopoly!
That would be an oligopoly.
an oligopoly
Oligopoly
Oligopolistic
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.
An oligopoly includes a group or 2-3 firms controling all business. So I would have to say yes, it could be.
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.
If you mean who was the launch customer for the Boeing 747, that would have been Pan Am.