Advantages and Disadvantages of Oligopoly
When the market is dominated by a few suppliers, it is termed as oligopoly. It can be observed in the television industry of the United States, where the market is governed by a handful of market players. The advantages and...
An oligopolistic economic system is commonly found the world over. It is predominantly observed in sectors like media, telecommunication, publishing, healthcare insurance, aviation, television, gas, automobiles, etc. Read this...
Some common and eminent examples of oligopoly have been discussed here, that explain oligopoly as a market structure, which is considered to be the most profitable market in comparison to other markets, from a seller's perspective.
Oligopoly Market Structure
There are a considerable number of market structures that have evolved with the development of economics. An oligopoly is one example of prominently observed market structures, wherein, a select few control a relatively large market.
Oligopoly Vs. Monopoly
The study of micro economics is full of different economic market models. Oligopoly vs. monopoly, is a comparative study, that states some of the interesting facts about these two market models. To know more, read on.