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  2. Oligopoly - Wikipedia

    en.wikipedia.org/wiki/Oligopoly

    A full oligopoly is one in which a price leader is not present in the market, and where firms enjoy relatively similar market control. A partial oligopoly is one where a single firm dominates an industry through saturation of the market, producing a high percentage of total output and having large influence over market conditions.

  3. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    An oligopoly may engage in collusion, either tacit or overt to exercise market power and manipulate prices to control demand and revenue for a collection of firms. A group of firms that explicitly agree to affect market price or output is called a cartel , with the organization of petroleum-exporting countries ( OPEC ) being one of the most ...

  4. Market structure - Wikipedia

    en.wikipedia.org/wiki/Market_structure

    Firms have partial control over the price as they are not price takers (due to differentiated products) or Price Makers (as there are many buyers and sellers). [5] Oligopoly refers to a market structure where only a small number of firms operate together control the majority of the market share. Firms are neither price takers or makers.

  5. Market domination - Wikipedia

    en.wikipedia.org/wiki/Market_domination

    Market dominance is the control of a economic market by a firm. [1] A dominant firm possesses the power to affect competition [2] and influence market price. [3] A firms' dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings, whereby a dominant firm can behave independent of their competitors or consumers, [4] and without concern for ...

  6. Imperfect competition - Wikipedia

    en.wikipedia.org/wiki/Imperfect_competition

    The goods produced are circulated in only one market, and no other company intends to enter the market. The two companies have a lot of control over market prices. [11] It is a particular case of oligopoly, so it can be said that it is an intermediate situation between monopoly and perfect competition economy.

  7. Tacit collusion - Wikipedia

    en.wikipedia.org/wiki/Tacit_collusion

    In dominant firm price leadership, the price leader is the biggest firm. In barometric firm price leadership , the most reliable firm emerges as the best barometer of market conditions, or the firm could be the one with the lowest costs of production, leading other firms to follow suit.

  8. Barriers to entry - Wikipedia

    en.wikipedia.org/wiki/Barriers_to_entry

    As a result, industries with high barriers to entry often contain a monopoly or oligopoly with dominant power in terms of price. This dominance allows them to charge a higher price or, if other firms join the market, to use their market power and cash flow to lower prices, beating out the new competition. [10]

  9. Anti-competitive practices - Wikipedia

    en.wikipedia.org/wiki/Anti-competitive_practices

    Dumping, also known as predatory pricing, is a commercial strategy for which a company sells a product at an aggressively low price in a competitive market at a loss.A company with large market share and the ability to temporarily sacrifice selling a product or service at below average cost can drive competitors out of the market, [1] after which the company would be free to raise prices for a ...