What Is an Oligopoly? - 60 Second Economics
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What Is an Oligopoly? - 60 Second Economics
In this video short, Geoff Riley explains oligopoly, a market structure dominated by a few powerful firms where interdependence shapes every decision. From sticky prices and the kinked demand curve to fierce non-price competition like branding, product tweaks, and loyalty schemes, oligopolies behave very differently from competitive markets.
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