What is an oligopoly

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Oligopoly is a term used to define an industry, a specific market, or a company. It is a market dominated by a few players and can have many small players. This type of competition in a market is known as oligopolistic competition. A few enterprises dominate the market, often selling similar goods and services.  • #OligopolyMarket #MarketDominance #OligopolisticCompetition #IndustryLeaders #MarketOligopoly #BusinessDominance #FewPlayersMarket #CompetitionAnalysis #CorporateControl #EconomicOligopoly • Competition lacks in an oligopoly market, and firms could make consumer decision making a complex process. When consumers are manipulated on a large scale, there could be a loss of economic welfare. Since there are high levels of barriers to entry, aspiring firms may not enter markets, thus lower competition and lower consumer benefits.  • • Check out our media Website 👉 https://kalkinemedia.com/ • Follow us and stay updated on the Go with the Stock Market 👇👇 • Facebook - / kalkineau • Twitter - / kalkineau • LinkedIN - / 4829818

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