How Oligopoly Markets Works

How Oligopoly Markets Works

An Oligopoly market is much like a monopoly market, in which only one company control over most of the market. In an Oligopoly least two firms controlling the market. Usually, there is a scenario in which a particular market is controlled by a small group of firms.

The number of producer in oligopoly are lesser than that of perfect competition and monopolistic competition.

It is a competition among few big sellers each one of them selling either homogeneous of differentiated products.