The extent of oligopoly
Title: The extent of oligopoly
Category: /Law & Government/Government & Politics
Details: Words: 1561 | Pages: 6 (approximately 235 words/page)
The extent of oligopoly
Category: /Law & Government/Government & Politics
Details: Words: 1561 | Pages: 6 (approximately 235 words/page)
showed first 75 words of 1561 total
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showed last 75 words of 1561 total
dominate the industry. Oligopolies should have at least three different outcomes. Them being, the firms might get together and form a cartel, coordinating their behavior as if they were a single monopoly. They might behave independently, each trying to maximize its own profit while somehow taking account of the effect of what it does on what the other firms do.
Oligopoly is a crucial market structure. And to my belief it being the most integral.