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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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Process Validation Stages process qualification two

In the Process Validation during second stage that is process qualification some more points are taken into account which are  discussed below. So let us see some points one by one:

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.