OLIGOPOLY A market structure dominated by a small number of large firms, selling either identical or differentiated products, and significant barriers to entry into the industry. This is one of four basic market structures. The other three are perfect competition, monopoly, and monopolistic competition. The three most important characteristics of oligopoly are: 1. An industry dominated by a small number of large firms 2. Firms sell either identical or differentiated products 3. The industry has significant barriers to …
showed first 75 words of 1812 total

showed last 75 words of 1812 total
…to drive the rural expansion plan. Both companies say there is untapped potential in the rural areas that will fuel quick growth in the coming years. e the rural expansion plan. In a competitive situation such as the one that exists in the cola market, the important thing is not the price; it is the value that the consumer gets. And that always increases in proportion to the ferocity of the battle in the marketplace.