what is oligopoly market
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An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.
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An oligopoly is a market structure where only few rival firms procucing the total supply of a commodity.
As the number of firms are less mean they have intensive competition among them.
Oligopoly have two forms
One is pure oligopoly which mean producer making same or homogeneous product and second is oligopoly which make differentiated commodity.
Hense its a maket which compete through other measures than of price cutting they usually do non price competition like sales promotion, free sample, advertising,etc
Bro please brailiast this as i usually requires it
As the number of firms are less mean they have intensive competition among them.
Oligopoly have two forms
One is pure oligopoly which mean producer making same or homogeneous product and second is oligopoly which make differentiated commodity.
Hense its a maket which compete through other measures than of price cutting they usually do non price competition like sales promotion, free sample, advertising,etc
Bro please brailiast this as i usually requires it
karchour:
Hii please brailiast
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