Oligopoly
- Created by: meloakes
- Created on: 29-03-15 11:52
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- Oligopoly: A market dominated by a few large firms
- High concentration ratio
- Price rigid due to the game theory
- High barriers to entry
- Non-price competition due to increasing market share
- Collusion takes place: agree not to compete on price
- Price makers but have a fear of changing price
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