Apr 15, 2024 · What Is an Oligopoly? An oligopoly is a type of market structure in which a small number of firms control the market. Where oligopolies exists, producers can indirectly or...

An oligopoly (from Ancient Greek ὀλίγος (olígos) ' few ' and πωλέω (pōléō) ' to sell ') is a market in which pricing control lies in the hands of a few sellers. [1] [2] As a result of their significant market power, firms in oligopolistic markets can influence prices through manipulating the supply function.

Aug 28, 2021 · Definition of oligopoly. An oligopoly is an industry dominated by a few large firms. For example, an industry with a five-firm concentration ratio of greater than 50% is considered an oligopoly. Examples of oligopolies. Car industry – economies of scale have caused mergers so big multinationals dominate the market.

Aug 30, 2024 · Oligopolies occur when a small number of firms collude, either explicitly or implicitly, to restrict output or fix prices, in order to achieve above normal market returns. Oligopolies are...

Jan 20, 2020 · Oligopoly is a market structure in which a few firms dominate, for example the airline industry, the energy or banking sectors in many developed nations.

Jul 17, 2024 · What is Oligopoly? Oligopoly is an economic term that describes a market structure wherein only a select few market participants compete with each other. The competitive dynamics within an oligopoly are distorted to favor a limited number of influential sellers.

An oligopoly is a market structure where a few large firms collude and dominate a particular market segment. Due to minimal competition, each of them influences the rest through their actions and decisions.

Apr 26, 2024 · An Oligopoly Market is one such type of market where a small number of large firms dominate the industry. In this article, we will cover the meaning, features, and demand curve of monopolistic competition.

Feb 18, 2023 · An oligopoly is a market structure wherein a small number of dominating firms make up an industry. These firms hold major chunks of the overall market share for a commodity. The Greek word ‘oligos’ means “small, or little” and the prefix polein finds its roots in Greek, meaning “to sell”.

Jan 21, 2025 · oligopoly, 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 actions of the other producers.