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What Is Oligopoly?

 What Is Oligopoly?


1) Describe the characteristics of an oligopoly.


2) "Because firms in an oligopoly are so large, they do not need to consider each others actions." Is the previous statement correct or incorrect? Explain your answer.


3) What market structures other than oligopoly have the characteristic of one firm's actions affecting the actions of its competitors? Explain your answer.


4) What is a cartel?

5) Explain what a cartel is and the difficulties faced in maintaining a cartel.


Dec 08 2019 View more View Less

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