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Meaning of oligopoly

 

 

 

Oligopoly

 

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Business glossary

 

Meaning of term oligopoly :

 

Oligopoly is a market structure where a market has just a few firms. Each of the firms will account for a large proportion of output. In an oligopolistic market there will tend to be a high degree of interdependence between the firms as they will watch carefully what each other are doing.

 

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Oligopoly

 

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Meaning of term oligopoly

 

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