Oligopoly and Price Stability

Abstract: 8 pages in length. In economics, an oligopoly is the domination of a market for a particular product or service by a single company, which can therefore restrict competition and keep prices high. In practice, a company can be said to have an oligopoly when it controls a significant proportion of the market. Discusses oligopolies and the way oligopolistic prices can become stable over time, as well as how firms deal with this price stability. Bibliography lists 4 sources.

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Subcatagory: Marketing & Consumer Behavior

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