Oligopoly - Free Essay Examples and Topic Ideas

Oligopoly refers to a market structure in which there are few dominant firms that control a significant share of the market. These firms have mutual interdependence whereby their decisions affect their competitors’ businesses, leading to a complex game of strategy. Oligopolies often lead to higher prices for consumers and reduced competition as smaller firms struggle to compete with the larger ones. This market structure can occur in many industries such as technology, telecommunications, and banking.

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