A Unique Feature Of An Oligopolistic Industry Is
- Get link
- X
- Other Apps
A Unique Feature Of An Oligopolistic Industry Is. Industries like oil & gas, airline, mass media, auto, and telecom are all examples of oligopolies. As there is keen competition in an oligopolistic industry, there are no barriers to entry into or exit from it.
If an oligopolistic industry is made up of a "core" of a few large interdependent sellers plus a "competitive fringe" of several or numerous quite small sellers, the competition of the small sellers may induce the large ones to limit the extent to which they raise their prices.
Interdependence from other firms is the main feature since the rest of the features rotate around this one.
Which cannotbe a characteristic of an oligopolistic industry? Another important feature of oligopoly is the analysis -of group behaviour. A. mutual interdependence B. advertising expenditures C. product differentiation D. nonprice C. it is more profitable for the industry to charge a lower price andproduce more output.
- Get link
- X
- Other Apps







Comments
Post a Comment