Select Page
Notifications
Clear all

What is an Oligopoly?

(@Anonymous)
New Member

An oligopoly is a market structure that involves a small group of large companies that have all or almost all sales in the industry and often collude to reduce competition. The level of competition among firms within this market system is lower while companies have monopoly power and obtain higher revenue.

Quote
Topic starter Posted : 17/11/2021 10:31 am
Share: