Question

Point out the differences among oligopoly models in

terms of price and output decision making. ​

Answer 1

Explanation:

“Oligopoly is an industry structure characterized by a small number of firms producing all or most of the output of some good that may or may not be differentiated”.

Browse more Topics under Forms Of Market

Perfect Competiton

Monopoly

Monopolistic Competition

Oligopoly

Concepts of Total Revenue, Average Revenue, and Marginal Revenue

Pricing in Perfect Competition

Pricing in Imperfect Competition

Pricing Strategies

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