When there are only two competitor then it is oligopoly?
Answers
Answered by
4
Heya....
See here for your answer...
===========
When there are only two competitors I'm the market then it is not main oligopoly it is called a another form of oligopoly known as DUOPOLY...
Mean of it...
It is a special case of oligopoly in which there are exactly two firms in the market under it is assumed that the product sold by two forms are homogeneous having no substitute..
Ex,, Pepsi and Coke..
Thank you..
See here for your answer...
===========
When there are only two competitors I'm the market then it is not main oligopoly it is called a another form of oligopoly known as DUOPOLY...
Mean of it...
It is a special case of oligopoly in which there are exactly two firms in the market under it is assumed that the product sold by two forms are homogeneous having no substitute..
Ex,, Pepsi and Coke..
Thank you..
Answered by
0
Oligopoly is 2-4 companies agreeing on a set price.
Similar questions