Advertisement Remove all ads

Explain the Implications of the Following in an Oligopoly Market: A Few Or a Few Big Sellers - Economics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

Explain the implications of the following in an oligopoly market: A few or a few big sellers

Advertisement Remove all ads

Solution

Only few number of firms in the industry but they are big firms dominate the market for product. They establish brand loyalty through intense advertising. Hence, they are able to earn extra-normal profit.

Concept: Main Market Forms
  Is there an error in this question or solution?

Video TutorialsVIEW ALL [2]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×