Economics

Essay specific features

 

Issue:

Business

 

Written by:

Vannessa L

 

Date added:

January 29, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1483

 

Was viewed:

5354 times

 

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Essay content:

Whichever structure is examined the assumption is that they will always want to maximize profits. Characteristics of an Oligopoly An oligopoly is a market form in a market or industry in which there are only a small number of sellers of a particular product. Due to this small number of sellers in this market it enables each seller to be aware of one another and their actions...
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Due to this small number of sellers in this market it enables each seller to be aware of one another and their actions. This results in the decisions of a firm being highly influenced by the decisions of another firm. Company examples of an oligopoly would be Banking and supermarkets. The first characteristic of an oligopoly is that there is a lot of competition...
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