What does partnership in oligopoly even mean and what does it have to do with businesses ?
A oligopoly is about few firms that lack competition and have the same production, also it allows it to form partnership and collusion.
For example this small cafe shop is not a large organization which means it a small one and is being dominated by big sellers or franchise.
I think it's becoming clear, but how is it being dominated by other places?
Like this other cafe shop that has more shops that are located in town and out of town and has been pulling business from the other small shop, so in other words it is dominating the other in work such as customers.
You are telling me that this shop is basically putting the other one out of business..?
Not really, but it's making them have a less effective marketing pull or competition. we are about to see a partnership take place in this building.
As long as it needs to be until the come to an agreement.
Do you know long this meeting will take?
So we agree that we share the branch so we are able to compete with higher sellers.