Oligopolists

Oligopolists Oligopolists there are four market structures in our saving today : Perfect competition, monopolistic competition, oligopolies and monopolies. This essay shall describe the oligopoly market. The definition of an oligopoly states that in an industry, a small number of star signs hold the market. There are a low number of wets in the industry, becasue and adding to the barriers to adit. The barriers of entry to an oligopolistc market include the financial resources needed to submit and such regulations from the government or patents.

In this market, there is a graduate(prenominal) degree of differentiated products, and so with all of the above factors pass in this market, the competition is of sales, not of price. There is also a factor of concern from the firms in an oligopolistic market - where the actions of one firm will subsequently effect the other firms in the industry. This results in each oligopolist watching its competitors closely, and is a me...If you want to get a full essay, order it on our website: OrderEssay.net

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