In An Oligopoly

The Monopoly
The Monopoly
The Monopoly a) Using Australian examples describe the characteristics of the two of the following forms: Monopoly Oligopoly The main characteristics of an oligopoly are: The market is dominated by only a few companies, which are relatively large. The production of identical products which are similar. There are significant barriers to entry. The interdependence of production decisions within the market. An Oligopoly market exists in which a small number of firms dominate the supply to a