Describe Oligopoly in Terms of the Number of Competitors, Ease

question 146

Essay

Describe oligopoly in terms of the number of competitors, ease of entry into the market, similarity of goods/services offered by competing firms, and level of control over price by individual firms. Give an example of a market or industry that is an oligopoly.

---

Definitions:

Background Feature

A software attribute that allows users to set or customize the background in applications or operating systems for aesthetic or functional purposes.

Slide Borders

The outer frame or edge area of a slide in a presentation, which can be customized or designed to enhance visual appeal.

Specific File

A unique document or data set stored in a computer system or network.

Simulates

To mimic or reproduce the conditions, functions, or actions of something else, often used in training, analysis, or experiments.