Economy, asked by ykt7558628067, 3 months ago

explain any real life situations on oligopolistic competitions?

Answers

Answered by varsha2oo6

Answer:

An oligopoly is a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.

Current Examples of Oligopolies

Mass Media

Big Tech

Automakers

Entertainment

Airlines

Other Industries

Thank you =)

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explain any real life situations on oligopolistic competitions?​

Answers

explain any real life situations on oligopolistic competitions?