Unit 2.11(5) Market power - Oligopoly(HL)

IB Economics: Unit 2.11(5) Market power - Oligopoly(HL)

An oligopoly is a model of a market where a small number of large firms dominate the market. This can be expressed as a situation where the total revenue of a small number of large firms accounts for a high proportion of total market revenue. The rest of the market would be made up of small firms.An oligopoly is a model of a market where a small number of large firms dominate the market. This can be expressed as a situation...

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