What is the features of oligopoly market?
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the features of oligopoly market are that there are few buyers and there is not a restriction on entry and exit but there are restrictions in the form of Huge capital competition use capital investment sorry and competition with the already existing forms the next week is price determination policy in oligopoly the prices are determined by all the forms to get the day remains fixed with their prices there is not a competition on the ground of free prizes there is a non price competition there are two types of oligopoly is on the basis of product imperfect oligopoly in which the seller sells differentiated product and perfect oligopoly in which sellers is h********** product on the basis of competition competitive oligopoly
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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.
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