oligopoly

Essay specific features

 

Issue:

Business

 

Written by:

Jason W

 

Date added:

February 21, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 438

 

Was viewed:

5805 times

 

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Essay content:

This typically happens in market for inputs where a small number of firms are competing to obtain factors of production. This also involves strategic interactions but of a different nature than when competing in the output market to sell a final output. Oligopoly refers to the market for output while oligopsony refers to the market where these firms are the buyers and not sellers (eg...
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This also involves strategic interactions but of a different nature than when competing in the output market to sell a final output. Oligopoly refers to the market for output while oligopsony refers to the market where these firms are the buyers and not sellers (eg. a factor market). A market with a few sellers (oligopoly) and a few buyers (oligopsony) is referred to as a bilateral oligopoly...
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