Economy, asked by nonusingla1312, 1 year ago

Define imperfect oligopoly??

Answers

Answered by Anonymous
0
Hey Mate!!!!!!
Oligopoly is a market structure in which there are only a few sellers of the homogeneous or differentiated products. So, oligopoly lies in between monopolistic competition and monopoly.
Example of Oligopoly:

In India, markets for automobiles, cement, steel, aluminium, etc, are the examples of oligopolistic market. In all these markets, there are few firms for each particular product.

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Answered by Anonymous
0
B. Oligopoly

• large number of potential buyers but only a few sellers.

• homogenous or differentiated product.

• buyers are small relative to the market but sellers are large.

• barriers to entry.
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