Difference between revisions of "Oligopoly"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Oligopoly]]. When a few firms have all or nearly all of the sales in an industry. | :[[Oligopoly]]. When a few firms have all or nearly all of the sales in an industry. | ||
| + | According to the [[Corporate Strategy by Lynch (4th edition)]], | ||
| + | :[[Oligopoly]]. A market dominated by a small number of firms. | ||
| − | [[Category: Economics]][[Category: Articles]] | + | [[Category: Economics]][[Category: Articles]][[Category: Strategic Management]] |
Latest revision as of 11:22, 11 July 2020
Oligopoly is when a few firms have all or nearly all of the sales in an industry.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Oligopoly. When a few firms have all or nearly all of the sales in an industry.
According to the Corporate Strategy by Lynch (4th edition),
- Oligopoly. A market dominated by a small number of firms.
