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What is an Oligopoly?

nihitthakkar

By nihitthakkar,
in Social Media Marketing (SMM)

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nihitthakkar

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An oligopoly is a market structure that involves a small group of large companies that have all or almost all sales in the industry and often collude to reduce competition. The level of competition among firms within this market system is lower while companies have monopoly power and obtain higher revenue.

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