Features of oligopoly interminate of demand explanation
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ʰᵉʸᵃᵃᵃᵃᵃ
ᵈᵉᶠⁱⁿᵉ ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᵈᵉᵐᵃⁿᵈ.
ʰᵉʸ ᵈᵉᵃʳ...!!
ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᵈᵉᵐᵃⁿᵈ ⁱˢ ᵈᵉᵗᵉʳᵐⁱⁿᵉᵈ ᵇʸ ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ. ᵃ ˡⁱⁿᵉᵃʳ ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᶠᵘⁿᶜᵗⁱᵒⁿ ⁱⁿᶜˡᵘᵈᵉˢ ᵗʰᵉ ᵐᵃʳᵍⁱⁿᵃˡ ᵖʳᵒᵖᵉⁿˢⁱᵗʸ ᵗᵒᶜᵒⁿˢᵘᵐᵉ ᵃⁿᵈ ᵃⁿ ᵃᵘᵗᵒⁿᵒᵐᵒᵘˢᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᶜᵒᵐᵖᵒⁿᵉⁿᵗ, ᵇᵉˢⁱᵈᵉˢ ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ. ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ ⁱˢ ᵈᵉᶠⁱⁿᵉᵈ ᵃˢ ⁿᵃᵗⁱᵒⁿᵃˡ ⁱⁿᶜᵒᵐᵉ (ᵍⁿᵖ) ᵐⁱⁿᵘˢ ᵗᵃˣᵉˢ ᵖˡᵘˢ ᵗʳᵃⁿˢᶠᵉʳ ᵖᵃʸᵐᵉⁿᵗˢ.
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ʰᵒᵖᵉ ⁱᵗ'ˢ ʰᵉˡᵖ ᵘ
ᵐᵃʳᵏ ᵇʳᵃⁱⁿˡⁱˢᵗ
ᵈᵉᶠⁱⁿᵉ ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᵈᵉᵐᵃⁿᵈ.
ʰᵉʸ ᵈᵉᵃʳ...!!
ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᵈᵉᵐᵃⁿᵈ ⁱˢ ᵈᵉᵗᵉʳᵐⁱⁿᵉᵈ ᵇʸ ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ. ᵃ ˡⁱⁿᵉᵃʳ ᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᶠᵘⁿᶜᵗⁱᵒⁿ ⁱⁿᶜˡᵘᵈᵉˢ ᵗʰᵉ ᵐᵃʳᵍⁱⁿᵃˡ ᵖʳᵒᵖᵉⁿˢⁱᵗʸ ᵗᵒᶜᵒⁿˢᵘᵐᵉ ᵃⁿᵈ ᵃⁿ ᵃᵘᵗᵒⁿᵒᵐᵒᵘˢᶜᵒⁿˢᵘᵐᵖᵗⁱᵒⁿ ᶜᵒᵐᵖᵒⁿᵉⁿᵗ, ᵇᵉˢⁱᵈᵉˢ ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ. ᵈⁱˢᵖᵒˢᵃᵇˡᵉ ⁱⁿᶜᵒᵐᵉ ⁱˢ ᵈᵉᶠⁱⁿᵉᵈ ᵃˢ ⁿᵃᵗⁱᵒⁿᵃˡ ⁱⁿᶜᵒᵐᵉ (ᵍⁿᵖ) ᵐⁱⁿᵘˢ ᵗᵃˣᵉˢ ᵖˡᵘˢ ᵗʳᵃⁿˢᶠᵉʳ ᵖᵃʸᵐᵉⁿᵗˢ.
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ʰᵒᵖᵉ ⁱᵗ'ˢ ʰᵉˡᵖ ᵘ
ᵐᵃʳᵏ ᵇʳᵃⁱⁿˡⁱˢᵗ
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An oligopoly is an industry which is dominated by a few firms. In this market, there are a few firms which sell homogeneous or differentiated products. Also, as there are few sellers in the market, every seller influences the behavior of the other firms and other firms influence it.
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