Oligopoly :-
Oligopoly means competition among the few. In other words we can say that when there are few sellers in a market selling homogeneous or different products , then oligopoly is said to exist.Oligopoly is a form of imperfect competition. The behavior of any given oligopolistic firm depends on the behavior of the other firms in the industry comprising the oligopoly.
Example :-
If we consider the example of cool drinks industry or automobile industry, there are many number of firms manufacturing cool drinks in India and automobile industry also.
No comments:
Post a Comment