oligopoly
oligopoly
Glossary micro and macro economics
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Economics
Definition of oligopoly
oligopoly : a market structure in which a few firms have a large market share and sell differentiated products. In oligopolies, firms tend to have large economies of scale, pricing is mutually dependent, and price wars can occur there is a kinked-demand curve.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of oligopoly
Meaning of oligopoly
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