The extent of oligopoly
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Words: 1561
Pages: 6
(approximately 235 words/page)
Pages: 6
(approximately 235 words/page)
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showed first 75 words of 1561 total
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.
…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.
