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oligopoly

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oligopoly

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  • Why would Verizon and t-mobile be an oligopoly and not Hannah's bakery?
  • Verizon
  • T-mobile
  • Well, a corporation can only be an oligopoly when a few companies exert significant control over a given market. When two different corporations are competing against each other that makes an oligopoly.
  • hannah's bakery
  • Oh OK! So does that mean all these different oligopoly phone companies have a lot of competition since there is a lot of phone companies
  • Most oligopoly companies are competing with each other Because of a limited number of players in an oligopolistic market, competition is limited, allowing every firm to operate successfully.
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