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Answer to Question #256051 in Economics of Enterprise for Nelly

Question #256051
Characteristics which are not of oligopoly?
1
Expert's answer
2021-10-24T18:16:52-0400

characteristics of oligopoly market are

  • A Few Firms with Large Market Share.
  • High Barriers to Entry.
  • Interdependence.
  • Each Firm Has Little Market Power In Its Own Right.
  • Higher Prices than Perfect Competition.
  • More Efficient.

therefore oligopoly are not price takers and do not practice price discrimination.


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