What are the important characteristics of an oligopoly market? Explain with the help of an example.
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What are the important characteristics of an oligopoly market? Explain with the help of an example.
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Solution 1
An oligopoly market is a type of market structure where a few large firms dominate the industry. Here are some of the important characteristics of an oligopoly market:
- Few Dominant Firms: In an oligopoly, there are a few large firms that control most of the market share. These firms are mutually Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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