Oligopoly is a market where the supply is controlled by a, Ask an Expert

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Oligopoly is a market where the supply is controlled by a little group of companies. In this condition, the actions of single company will have a material effect on the entire market for a product.

Various characteristics of an Oligopoly:

1) Substantial barriers to entry

2) Market dominated by a few large firms

3) Differentiated products

4) Price rigidity

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9533966

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