Explain how price and output decision are taken under conditions of oligopoly.
oligopoly
Oligopoly!
Oligopoly
Oligopolistic
Explain how price and output decision are taken under conditions of oligopoly.
oligopoly
Oligopoly!
Oligopoly
Oligopolistic
in oligopoly what is the nature of price elasticity
Oligopoly is a market from where large numbers of buyers contact few sellers for the purpose of buying and selling things. The different types are a pure oligopoly, a differentiated oligopoly, a collusive oligopoly, and a non-collusive oligopoly.
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Bpcl (bharat patolium ) , hpcl , ongc ,gail , kochi refineries , mangalore refinieries
Oligopoly
I will probably say its more of oligopoly.
Oligopoly is a market with small number of buyers and sellers.