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a picture worth a thousand words

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  • Rollin Mitchell Partnership in Oligopoly
  • definition: Either of a pair of people engaged together in the same activity.
  • definition: the market condition  that exists  when there are few sellers, as a result  of which they can greatly  influence price  and other market factors
  • or perhaps your water providers when you choose a type of water bottle to drink from  depending on how high  the demand for tat specific type water 
  •  an oligopoly is when a business sells a product and that product is not sold by anyone else o only a few companies  so they can rais and lower prices as much as they want  
  • like t-mobile and sprint for example they can kina rais prices as much as they'd like  because they're are only so many phone companies 
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