Oligopoly Market:
It refers to a market structure where the market is
dominated by few companies. It is the selling homogeneous in which the dominate
the market with their products. They have ability to influence the market.
Oligo means “little or small” in plural “few” and poly means
“market”.
Example:
People usually likes to enjoy their meal with softdrinks
frequently. In Indian market, there are only two companies which manufactures
and influenced the whole market, they are Pepsi and Coca cola. They are fanta,
sprite, Thumbs up, Limca, Mirinda, 7Up, Mountain Dew etc. They also produce low
calories soft drinks.These companies manufacture several different flavours of
soft drinks. And people also likes to chill with it.
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