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Oligopoly
Beginning of essay
An describes a market situation in which there are limited or few sellers. Each seller knows that the other seller or sellers will react to its changes in prices and also quantities. This can cause a type of chain reaction in a market situation. In the world market there are oligopolies in stee ....
Middle of essay
.... two distinguished groups. These groups are either a homogeneous or differentiated . Homogeneous oligopolies have a standardized product and which include industrial, with petroleum serving as the standardized example, and also services such as banking. Differentiated oligopolies, where the products have some differences, are found in consumer goods industries, such as cars, biscuits, beer and electrical appliances.
There is however another in which the manner of the corporation or indust.... |
| Number of words: 1438 |
Approximate pages: 6 |
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