What is oligopoly, Managerial Economics

What is Oligopoly?

Oligopoly is a general market structure. This arises from similar forces that lead to monopoly, except within weaker form. This is an industry along with only a tiny number of producers. A producer into this industry is termed as an oligopolist.

While no one firm has a monopoly, although producers however realize that they can influence market prices, an industry is described by imperfect competition.

Posted Date: 9/6/2013 7:35:13 AM | Location : United States







Related Discussions:- What is oligopoly, Assignment Help, Ask Question on What is oligopoly, Get Answer, Expert's Help, What is oligopoly Discussions

Write discussion on What is oligopoly
Your posts are moderated
Related Questions
Advantages a.           It is more equitable.  The broader shoulders are asked to carry the heavier burden. b.          It satisfies the canon of productivity as it yields

Q. What is Production Isoquant? An isoquant demonstrates all those combinations of factors that produce the same level of output. An isoquant is also called as equal product cu


The owner of a patent has a contract with a cooperation that gives it right to use the patent. The cooperation will pay the patent owner $2500 yearly for the next 5 years, $3000 fo


Features of Free Market System The features of a free market system are: (i)         Ownership of Means of Production Individuals are free to own the means of producti

Suppose that the government is the only provider of water. The market demand function reads D: Q(P) = 50 - 2P. The government''s total cost for producing water are described as fol

Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case.

Commercial Banks A Commercial Bank is a financial institution which undertakes all kinds of ordinary banking business like accepting deposits, advancing loans and is a member

Paper Money Due to the risk of theft, members of the public who owned such metal money would deposit them for safe keeping with goldsmiths and other reliable merchants who