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Oligopolies are prevalent throughout the world and appear to rapidly increasing. Unlike a monopoly, where one corporation dominates a certain market, an oligopoly consists of a select few companies that have significant influence over an industry. Choose one current example of an oligopoly in the market e.g., cable television, cellular phone service, computer operating systems, airline industry, auto industry, pharmaceuticals, etc. Each student must choose a different example (first come, first served!). With a minimum of two detailed paragraphs; Explain how this oligopoly works (companies involved, competition/cooperation) Explain the effects on consumers, both positive and negative.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93121190

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