An oligopoly has few sellers and must consider the decisions of its rivals in determining its own price and output.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits.
In oligopoly markets, a limited number of suppliers control the market. They are present in every nation and in a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so.
A small number of suppliers control the market in oligopoly markets. Every country has them, and there are many different sectors that use them. Some oligopoly markets are significantly more competitive than others, however, some may only appear to be so.
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