Oligopoly
Oligopoly
Glossary of the social sciences
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Sociology
Definition of oligopoly
OLIGOPOLY: A situation in which a small number of firms dominate a given industry or market: When four or fewer firms supply fifty percent or more of a given market the effects of oligopoly become apparent: These effects are reputed to be a rise in price and a lowering of quality because of the decline of competition (see also MONOPOLY)
Source : http://faculty.rsu.edu/users/f/felwell/www/glossary/GLOSSARY%20OF%20THE%20SOCIAL%20SCIENCES.docx
link: http://faculty.rsu.edu/users/f/felwell/
Author : Frank W. Elwell
Others links : http://www.faculty.rsu.edu/users/f/felwell/www/HomePage/Index.htm
Glossary of the social sciences
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Definition and meaning of oligopoly
Meaning of oligopoly
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