Reset Setting Change contrast to brightChange contrast to originalChange contrast to darkChange font size to lower sizeChange font size to original sizeChange font size to large size
    T
    T
    T
    T
    T
MITI's Portal
 

Oligopoly

When a few firms dominate a market. Often they can together behave as if they were a single monopoly, perhaps by forming a cartel. Or they may collude informally, by preferring gentle non-price competition to a bloody price war. Because what one firm can do depends on what the other firms do, the behaviour of oligopolists is hard to predict. When they do compete on price, they may produce as much and charge as little as if they were in a market with perfect competition.