Question

EXPLAIN OLIGOPOLY....

Answer 1

________ʜᴇʏ ᴍᴀᴛᴇ_______


It form of the market in which there are a few big firm and a large number of buyers over commodity .Each home has a significant share of the market .Price and output decision of one form significantly impacts the price and output decision of rival firm in the market .


✨ Hope this helps you ✨

Answer 2

$<b><i> HLO Frnd!!!!$

OLIGOPOLY refers to the market situation or a type of a market organisational in which few firms control the supply of commodity..The competing firms are few in number but each one is large enough so as to be able to control the total industry output and a moderate.

_____________________________________

HOPE IT HELPS UH ☺