Get premium membership and access questions with answers, video lessons as well as revision papers.

Highlight the characteristics of an oligopolistic market

      

Highlight the characteristics of an oligopolistic market

  

Answers


Faith
There are few sellers in the market
The demand curve of an oligopoly is kinked.
There is rigidity in the market since firms cannot predict the reaction of other firms if they raised or lowered prices
The producers influence the demand of their products through vigorous advertisements
Faimus answered the question on January 16, 2019 at 18:50


Next: Explain the importance of protecting the forest ecosystem with reference to the following:(20 marks) (a)climate change (b)biodiversity (c)biotechnology (d)water conservation (e)pollution
Previous: What is the equilibrium of supply and demand?

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions