Archive for 'OLIGOPOLY' Category
Pricing Under Oligopoly Market
By admin - Last updated: Friday, November 27, 2009
Pricing Under Oligopoly Market
Oligopoly refers to a market situation with few sellers i.e. more than two sellers. Under oligopoly, industry is dominated by a few firms who are producing an identical or close substitute may emerge in an industry when:
a) Economics of scale or advantages of large-scale production exists- as a result, a few firms [...]