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Homogeneous Oligopolists
Firms in an oligopoly that sell products so similar that consumers perceive them as identical, leading to competition based primarily on price.
Differentiated Oligopolists
Firms in an oligopolistic market structure that distinguish their products from those of competitors through branding, quality, or other means.
Collusive Oligopoly
A market situation where a few firms dominate the market and make coordinated efforts to control prices and market shares, often illegally or in violation of competitive practices.
Noncollusive Oligopoly
A market structure where a few dominant firms compete without any explicit agreements to fix prices or market shares, often leading to intense competition.
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