- Advantages And Disadvantages Of Oligopoly Market Structure Pdf
- Oligopoly Market Structure Pdf
- Features Of Oligopoly Market
- Oligopolistic Market Structure
In an oligopoly, there must be some barriers to entry to enable firms to gain a significant market share. These barriers to entry may include brand loyalty or economies of scale. However, barriers to entry are less than monopoly. Differentiated products. In an oligopoly, firms often compete on non-price competition. This makes advertising and the quality of the product are often important. An example of an impure oligopoly is the automobile industry, which has only a few producers who produce a differentiated product. Measuring market or monopoly power via Concentration Ratios A concentration ratio measures only the first source of market power, lack of competition.
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