0
Oligopoly
An oligopoly is a market dominated by a few large suppliers. The degree of market concentration is very high, firms within an oligopoly produce branded products and there are also barriers to entry. There are collusive and non-collusive oligopolies.
327 Questions
Is Facebook a monopoly an oligopoly or a monopolistic competition?
Oligopoly. Few or top producers, around 60% of the market.
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
Trending Questions
What are the conditions of an oLIgopOLy?
What was the purpose of OPEC?
What is the difference bet pure oligopoly and oligopoly?
What are the achievement of opec?
What are the welfare effects of monopolies and oligopolies?
Which is the largest oil producing country in the OPEC?
Why is the banking industry called an oligopoly?
Why are there so many Oligopolies in Australia?
OPEC nations include?
A characteristic found only in oligopolies is?
Is airline travel an oligopoly?
Are there homogeneous products in an oligopoly?
What must an oligopoly firm realize?
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Is the computer industry an oligopoly?
Is Target Corp an oligopoly?
Why would the music industry be an example of an oligopoly?
Is US a member of OPEC?
What effect does the number of firms in an oligopoly have on the characteristic of the market?
What are the three Models that are used to explain oligopoly behavior?
Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.