I think the best way to describe oligopolies is that the company is so large that there are very few competitors for the market share. The company can charge whatever it wants to and the market will still be there because the company itself is so large.
They’re very large companies and very large.
No. In fact, most big companies are oligopolies. If you run a restaurant or a department store, chances are that there are a lot of competitors that the company can charge whatever they want to. That doesn’t mean that the company has to be as large as the market for the product. In fact, most companies that are large aren’t as large as the market for their product.
Oligopolies have market shares that are so large that they can charge whatever they want to and still be profitable. Most companies dont do this. In fact, the whole point of an oligopoly is that the market for their product is so large that they can charge whatever they want to. In fact, most companies that are large arent as large as the market for their product.
To be as large as the market for the product. Most companies that are large arent as large as the market for their product.
Yes. Most companies that are large arent as large as the market for their product. To be as large as the market for the product. Most companies that are large arent as large as the market for their product.
Most companies that are large arent as large as the market for their product. To be as large as the market for the product. Most companies that are large arent as large as the market for their product.To be as large as the market for the product. Most companies that are large arent as large as the market for their product.Yes. Most companies that are large arent as large as the market for their product.To be as large as the market for the product.
The best description I’ve heard of oligopoly is that they are a form of monopolies. In a monopolist, the market share of a product is the highest, and the profit margin is the lowest. When a company has a monopoly, the company controls the market and the company earns the highest profit.
The definition of a monopoly is a situation where a company has more than 50% of the market. It is a company that is too large to be monopolized and too small to be a monopoly. An oligopoly is a situation where the market share is no larger than 50% and the profit margin is also no larger than 50%. No longer a monopoly, companies that are too large to be monopolized are now considered oligopolies.
In this world, when you buy a property, you are not getting the same value as someone else, so the property that you buy is the property that you own. So, if you buy a property that is in less than half the market, you are buying the property that you own.