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Explain oligopoly. What is oligopoly and what are its characteristics?
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written 3.5 years ago by
prajapatijaimin
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• modified 3.5 years ago |
Solution:
Oligopoly:
An oligopoly is a market structure in which there are a few sellers of a product selling identical or differentiated products.
If they are selling identical products, it is a case of pure oligopoly and if they are selling differentiated products, it is a case of differentiated oligopoly. …
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