Oligopoly Market

The Monopoly
The Monopoly
The Monopoly a) Using Australian examples describe the characteristics of the two of the following forms: Monopoly Oligopoly The main characteristics of an oligopoly are: ? The market is dominated by only a few companies, which are relatively large. ? The production of identical products which are similar. ? There are significant barriers to entry. ? The interdependence of production decisions within the market. An Oligopoly market exists in which a small number of firms dominate the supply to