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What is Oligopoly ?

Meaning and information of oligopoly are given below so let us check it some more points on oligopoly to know more about it. Also check out Advantages & Disadvantags of oligopoly for more information.

  1. An oligopoly consists of small number of firms.
  2. Each firm has a large market share 
  3. The firms have an incentive to collude
  4. The firms are interdependent
  5. Lack of uniformity
  6. Entry and exit barriers
  7. Imperfect competition
  8. Few sellers
  9. Companies sell either identical or differentiated products.
  10. Non-Price competition is common.
  11. Rivals know about each others behaviors and actions.


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