Question

what is oligopoly and expalin it featurs​

Answer 1

Oiligopoly Is a state of limited Competition.

There are few No. of sellers and The large no. of buyers.

Features are:-

1)Price maintained by sellers.

2)Barriers of entry firms.

3)No unique pattern of price settings.

I hope it will satisfy your question

Answer 2

Answer:

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.