oligopoly

An oligopoly market is a market structure type in which less number of firms have the entire market control. This article contains the advantages and disadvantages of an oligopoly market.

1. Barriers to Entry 2. Few Firms with Large Market Share 3. Each Firm Has Minor Own Market Power 4. Higher Prices Than Perfect Competition 5. Inter Dependency Between Firms 6..

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An oligopoly market is a type of market structure where few firms have the entire market control. These few firms have the capability to decide the entire prices and supply of the market on a collaborative basis. But they don’t have the capacity to influence the market on their own.