Question

what is oligopoly _______ as?​

Answer 1

Explanation:

Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms. A monopoly is one firm, duopoly is two firms and oligopoly is two or more

Answer 2

Answer:

•Oligopoly is when a small number of firms collude, either explicitly or tacitly, to restrict output and/or fix prices, in order to achieve above normal market returns.

•Economic, legal, and technological factors can contribute to the formation and maintenance, or dissolution, of oligopolies.

•The major difficulty that oligopolies face is the prisoner's dilemma that each member faces, which encourages each member to cheat.

•Government policy can discourage or encourage oligopolistic behavior, and firms in mixed economies often seek government blessing for ways to limit