Economy, asked by mohammedfaisal552134, 9 months ago

what is oligopoly? Explain in minimum words.

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Answered by shivanjalibhosale78

1

Answer:

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 firms.

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