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Features of Oligopoly

Some of the Features of Oligopoly are as follows. So let us check out some information on oligopoly to know more about it. Related article on Advantages and disadvantages of oligopoly.

  1. Lack of uniformity during oligopoly.
  2. Lack of certainty in oligopoly.
  3. Price rigidity
  4. Ability to set price.
  5. Only few sellers available.
  6. Interdependence
  7. Constant struggle
  8. Homogeneous or distinctive product
  9. During monopoly action of one firm affect the profit of other firms.
  10. Selling cost

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Process Validation Stages process qualification two

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During process performance qualification the actual facilities, utilities and equipment are checked whether they are qualified or not.

The personnel operating various equipment are trained or not is checked.

The  procedure which are performed are as per standard procedure is verified and checked.