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What are the main characteristics of an oligopoly? Give an example of an industry with an oligopolistic structure. What are the firms in this industry?
A market with an oligopoly has a few firms that compete with each other and they control the market. As a group they control the majority of the market. There are barriers to entry that prevent pure competition. Because there are few firms, each oligopolist is likely to be aware of the actions of the others. The decisions of one firm influence, and are influenced by, the decisions of other firms. Cell…

hone companies are an example of oligopolies. At&t, Verizon, Sprint, and T-Mobile control 89% of the market. Any market that you can name a few big firms (that everyone uses) is probably an oligopoly. If this helped, please rate. If you have questions, just comment.



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