an example of a real-world industry or market that would be described by economists as an oligopoly

Related BrainMass Solutions

• Discuss owner-manager conflicts; value maximizing principle, Nash equilibrium

  This concept is applicable to many oligopoly industries because of the characteristics of the oligopoly market. Oligopoly is an important form of imperfect market. Oligopoly is often described as competition among the few.

• Oligopoly theories

  The threat of potential entry may be enough competition to keep the industry operating at or close to the competitive solution. In this case, the market is a contestable market.

• 4 economic questions...

  Choose a real world industry and determine which of the four market structures (perfect competition, monopolistic competition, oligopoly, or monopoly) this industry is most closely related to.

• Monopolies and Oligopolies

  Alternatively, changes in the goods produced by other firms can make the good produced by a monopoly good more of a substitute. As such, the monopoly firm becomes more of an oligopoly.

• global automotive industry

  Choose a real world industry and determine which of the four market structures (perfect competition, monopolistic competition, oligopoly, or monopoly) this industry is most closely related to.

• Market Structures and Concentratio Ratio

  A ratio that is above 60 percent however may be considered as an indication of an oligopolistic market; and a ratio below 60 percent, could be considered as an indication of a competitive market - with percentages closer to zero been considered as an

• Market Structure and impact of internet

  For example, a handful of companies that use to operate as an oligopoly in a certain industry due to lack of competition from players located in far off geographic location are now threatened by competitors located in even far off locations.

• Monopolistic competiton

  For example, an electric utility in a particular city may be a monopoly licensed by the city.

• Purpose of OPEC

  A monopoly can best be defined as a market structure where only one company exists within a given industry. An oligopoly is a market structure where a relatively small number of companies interdependent of each other exist within an industry.