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- 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' actions1. It is a situation where a small number of companies own or control the production of a particular good or provision of services within a market economy12. Oligopoly is defined as a market situation where independent sellers are few in number3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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.htmAn 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/OligopolyOligopoly, 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… - People also ask
oligopoly - Definition, Analogy, and Study Resources | Fiveable
WebDefinition. An oligopoly is a market structure dominated by a small number of large firms, controlling the majority of market share and having the power to influence prices and other market outcomes. In the context of media and technology, this often …
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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 demand for the products in those industries. As a result of their significant market power, firms in oligopolistic markets can influence prices through manipulating the supply function. Firm…
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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...
Oligopoly Definition & Meaning - Merriam-Webster
WebThe meaning of OLIGOPOLY is a market situation in which each of a few producers affects but does not control the market.
oligopoly - Definition, Analogy, and Study Resources | Fiveable
WebDefinition. An oligopoly is a market structure characterized by a small number of firms that dominate the market, influencing prices and availability of goods. In the context …
A Theory of Oligopoly | Journal of Political Economy: Vol 72, No 1
WebAlexandre Chirat, Thibault Guicherd Oligopoly, mutual dependence and tacit collusion: the emergence of industrial organisation and the reappraisal of American capitalism at …
OLIGOPOLY | English meaning - Cambridge Dictionary
Weba situation in which only a small number of companies are involved in producing a particular type of goods or in providing a particular type of service. The group of …
Oligopoly | Monopoly, Price Fixing, Market Structure
Weboligopoly, market situation in which each of a few producers affects but does not control the market. Each producer must consider the effect of a price change on the …
Oligopoly - an overview | ScienceDirect Topics
WebOligopoly. An oligopoly is characterized by a few dominant firms in a market with substantial barriers to entry. From: International Encyclopedia of Public Health, 2008
oligopoly noun - Definition, pictures, pronunciation and usage …
Web/ˌɒlɪˈɡɒpəli/ /ˌɑːlɪˈɡɑːpəli/, /ˌəʊlɪˈɡɑːpəli/ (plural oligopolies) (business) a market in which there are only a few companies producing or selling a product or service. This can result …
Oligopoly Definition: How an Oligopoly Works - 2024
WebOct 12, 2022 · Community and Government. Oligopoly Definition: How an Oligopoly Works. Written by MasterClass. Last updated: Oct 12, 2022 • 3 min read. An oligopoly is a collection of multiple companies in the …
10.2 Oligopoly - Principles of Economics 3e | OpenStax
WebOligopoly arises when a small number of large firms have all or most of the sales in an industry. Examples of oligopoly abound and include the auto industry, cable television, …
Oligopoly Examples, Meaning and Characteristics | YourDictionary
WebUpdated November 23, 2020. Image Credits. Oligopoly is an economic term used to describe a specific type of competitive environment. The word "oligopoly" comes …
Oligopoly Meaning, Characteristics & Examples - Lesson
WebNov 21, 2023 · Learn the oligopoly meaning in economics, versus a monopoly. Study oligopoly characteristics and how they occur, and explore oligopoly market examples. …
Oligopoly | Definition and Characteristics - XPLAIND.com
WebFeb 24, 2019 · Oligopoly. An oligopoly is a market structure in which a few firms have each such a large market share that any change in output by one firm changes …
What Are Current Examples of Oligopolies? - Investopedia
WebOct 30, 2023 · 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...
Monopoly vs Oligopoly - Difference and Comparison | Diffen
WebMonopoly is defined by the dominance of just one seller in the market; oligopoly is an economic situation where a number of sellers populate the market. Comparison chart. …
What is oligopoly? - The Curious Economist
WebApr 17, 2024 · 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 …
Oligopoly - Definition, Meaning & Synonyms | Vocabulary.com
WebDefinitions of oligopoly. noun. (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can …
Oligopolies - Economics: Edexcel A A Level - Seneca
WebProduct differentiation. Interdependence between firms. But they can often implement collusive strategies. Oligopoly can be defined through either its conduct (collusive or …
Oligopoly: Definition, Characteristics & Examples | StudySmarter
WebTable of contents. Oligopoly definition. Oligopoly characteristics. Oligopoly examples. Collusive vs non-collusive oligopoly. Price agreements, price wars, and price leadership …
Oligopoly Flashcards | Quizlet
WebStudy with Quizlet and memorize flashcards containing terms like Oligopolies are comprised of: A. one large producer. B. hundreds of large producers. C. thousands of small …
What is the difference between collusive and non-collusive …
WebSep 4, 2023 · Definition: Collusive oligopoly refers to a situation in which a small number of firms (oligopolists) within an industry coordinate their actions to maximise joint …
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