Features of oligopoly, Oligopoly as a market form, How does it function in a market?

Some practical examples are also needed. aroun 2-3 should do.

Top 2 Answers

A few days ago

dias

Favorite Answer

Try these links:

http://en.wikipedia.org/wiki/Oligopoly

http://www.bized.co.uk/educators/16-19/economics/firms/activity/structure.htm

http://www.wowessays.com/dbase/ab5/lvt239.shtml

http://www.tutor2u.net/economics/content/topics/monopoly/oligopoly_notes.htm

http://ideas.repec.org/a/taf/apeclt/v6y1999i3p195-97.html

A few days ago

Anonymous

oligopoly is where there are a few firms that control a certain market (i.e. gas)

It is hard for new firms to enter the market.

the few firms in a specific market, work together to an extent to keep prices higher that a fair market.

see this article for a clear and simple explanation of all the features of an oligopoly http://www.tutor2u.net/economics/content/topics/monopoly/oligopoly_notes.htm

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Features of oligopoly, Oligopoly as a market form, How does it function in a market?

Features of oligopoly, Oligopoly as a market form, How does it function in a market?

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