Economy, asked by snehaknair8517, 1 year ago

why is number of firms small in an oligopoly market? explain(3marks)

Answers

Answered by Anonymous

8

Heya....

Oligopoly is a form of market in which there are a few big and large number of buyers of that commodity....

Because...

A firm can enjoy a partial control over price through brand loyalty.. When there are few producers in the market then..

* There AR the motive to avoid price competition...

* To achieve monopoly firm of market ...

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