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  2. Sociology Index. OLIGOPOLY. Recognised interdependence is the hallmark of oligopoly. Oligopoly is the situation where a small number of companies own or control the production of a particular good or provision of services within a market economy. Oligopoly is a market structure with a small number of sellers and each seller is required to take into account rivals’ current actions and likely future responses to rivals' actions.

    www.sociologyindex.com/oligopoly.htm
    An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few', and πωλέω (pōléō) 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market.
    en.wikipedia.org/wiki/Oligopoly
    Oligopoly, the economist’s analogue to oligarchy in political science, is defined as a market situation where independent sellers are few in number.
    www.encyclopedia.com/social-sciences-and-law/ec…
     
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    What is an oligopoly in business?An oligopoly refers to a market structure that consists of a small number of firms, who together have substantial influence over a certain industry or market. While the group holds a great deal of market power, no one company within the group has enough sway to undermine the others or steal market share.
    Why is oligopoly important?An oligopoly has significant barriers in place to entering the market. What is the definition of oligopoly? An oligopoly is a market where the are at least three companies present, but the number of companies in the market is small enough that each company's decisions dramatically affect the others.
    What is an oligopoly market structure?An oligopoly is a type of market structure in which a small number of firms control the market. Where oligopolies exists, producers can indirectly or directly restrict output or prices to achieve higher returns. A key characteristic of an oligopoly is that no one firm can keep the others from having significant influence over the market.
    What is an oligopoly monopoly?What is an oligopoly? What is an oligopoly? An oligopoly is a market structure where there are a few large firms which dominate the market. Unlike for a monopoly there is not a specific percentage of the market which firms must hold in order to be called an oligopoly.
     
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    Oligopoly - Wikipedia

    An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few', and πωλέω (pōléō) 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market. Oligopolistic markets have homogenous products, few market participants, and inelastic … See more

    Perfect and imperfect oligopolies
    Perfect and imperfect oligopolies are often distinguished by the nature of the goods firms produce or trade in.
    A perfect (sometimes called a 'pure') oligopoly is where … See more

    Some characteristics of oligopolies include:
    • Profit maximisation
    • Price … See more

    There is no single model that describes the operation of an oligopolistic market. The variety and complexity of the models exist because numerous firms can compete on the … See more

    Formation of cartels
    Particular companies may employ restrictive trade practices order to inflate prices and restrict production in much the same way that a monopoly does. Whenever there is a formal agreement for such collusion … See more

    Economies of scale
    Economies of scale occur where a firm's average costs per unit of output decreases while the scale of the firm, or the output being produced by … See more

    Oligopolies are assumed to be aware of competition laws as well as the repercussions that they could face if caught engaging in anti-competition behaviour. In lieu of … See more

    Many industries have been cited as oligopolistic, including civil aviation, agricultural pesticides, electricity, and platinum group metal mining. In most countries, the telecommunications sector is characterized by an oligopolistic market structure. See more

     
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  5. Oligopoly Definition & Meaning - Merriam-Webster

  6. Oligopoly: Meaning and Characteristics in a Market

    WebApr 15, 2024 · An oligopoly is a market structure wherein a small number of producers work to restrict output or fix prices so they can achieve above-normal market...

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  7. A Theory of Oligopoly | Journal of Political Economy: Vol 72, No 1

  8. OLIGOPOLY | English meaning - Cambridge Dictionary

  9. OLIGOPOLY | definition in the Cambridge English Dictionary

  10. Oligopoly - an overview | ScienceDirect Topics

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  12. 10.2 Oligopoly - Principles of Economics 3e | OpenStax

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  17. What Are Current Examples of Oligopolies? - Investopedia

  18. oligopoly noun - Definition, pictures, pronunciation and usage …

  19. What is oligopoly? - The Curious Economist

  20. Oligopoly | Definition, Types & Examples - Lesson | Study.com

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