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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 .
As the second-largest member of America's three-way telecommunications oligopoly, AT&T reported steady revenue despite declining business wireline sales. ... The company finished 2024 with 13.99 ...
Duopoly is the most commonly studied form of oligopoly due to its simplicity. Duopolies sell to consumers in a competitive market where the choice of an individual consumer choice cannot affect the firm in a duopoly market, as the defining characteristic of duopolies is that decisions made by each seller are dependent on what the other ...
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.
The large semiconductor equipment companies also form an oligopoly, with only one or two choices at each process step. That enables all players to generate high margins and return on capital. That ...
It contrasts with an oligopoly, where there are many buyers but few sellers. An oligopsony is a form of imperfect competition . The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.
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Companies in an oligopoly benefit from price-fixing, setting prices collectively, or under the direction of one firm in the bunch, rather than relying on free-market forces to do so. [13] Oligopolies can form cartels in order to restrict entry of new firms into the market and ensure they hold market share. Governments usually heavily regulate ...