Oligopoly is a marketplace where the deliver is controlled, Ask an Expert

Economics

Oligopoly is a marketplace where the deliver is controlled by a small group of companies. In this condition, the actions of single company will have a material effect on the whole 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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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9533796

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