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An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few' and πωλέω (pōléō) 'to sell') is a market in which pricing control lies in the hands of a few sellers. [ 1 ] [ 2 ] As a result of their significant market power, firms in oligopolistic markets can influence prices through manipulating the supply function .
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
Oligopoly: The number of enterprises is small, entry and exit from the market are restricted, product attributes are different, and the demand curve is downward sloping and relatively inelastic. Oligopolies are usually found in industries in which initial capital requirements are high and existing companies have strong foothold in market share.
Gator Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.64% was recorded by the fund ...
James Alan Brander (born 1953) is a Canadian economist and a professor of Asia-Pacific International Trade, University of British Columbia.He is known as co-author of a seminal 1986 article in The American Economic Review, with Tracy R. Lewis, on "Oligopoly and Financial Structure: The Limited Liability Effect", as well as his work in international trade with Barbara Spencer, particularly the ...
Apart from a relatively small number of community broadcasters, media in Canada are primarily owned by a small number of groups, including Bell Canada, the Shaw family (via Corus Entertainment and Shaw Communications), Rogers Communications, Quebecor, and the government-owned CBC/Radio-Canada. Each of these companies holds a diverse mix of ...
In microeconomics, the Bertrand–Edgeworth model of price-setting oligopoly looks at what happens when there is a homogeneous product (i.e. consumers want to buy from the cheapest seller) where there is a limit to the output of firms which are willing and able to sell at a particular price. This differs from the Bertrand competition model ...
The ACCC instituted proceedings against British Airways seeking penalties for alleged price fixing contraventions relating to fuel surcharges applied to international carriage of air cargo between 2002 and early 2006. [1]