Economy, asked by jonalijyotiBoruah, 11 months ago

write two features of oligopoly market situation.

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Answered by HeAvEnPrlnCesS

Answer:

Under oligopoly, there are only a few firms, each producing a homogeneous or slightly differentiated product. Since the number of firms is small, each firm enjoys a large share of the market and has a significant influence on the price and output decisions.

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