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.The link to the attached pdf is revision material from Unit 2.11(4) Market power - Oligopoly(HL). The revision material can...

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