Obtaining an almost equal market share with its accomplice and competitor Sotheby’s, Davidge achieved this exact quality. He wanted to make an example of himself and achieve greatness than his forefathers could not have done. In addition, his personal desire to dethrone the prior executive propelled him to continue on his narcissistic path of glory... displayed 300 characters
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In addition, his personal desire to dethrone the prior executive propelled him to continue on his narcissistic path of glory. Even the Christie’s employees were uncomfortable around him. His successor Ed Dolman stated, “Chris was a remote, distant, dictatorial figure,” (132) which is another example of his tenacity in his leadership position... displayed next 300 characters
Another characteristic which exist in an oligopoly is barriers to entry. This is due to the fact that with the market being dominated by large organisations which have achieved economies of scale making it very expensive and time-costing for a new business to attempt and launch its own product into the market...
It also has less control of the quality and cost of production. Given that the vendor may not always disclose everything to USTech, the firm may not have enough knowledge of its vendor capabilities and whether it is competitive...
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