What is the definition of An Oligopoly?
- Posted on November 20, 2019
- Financial Terms
- By admin admin
An oligopoly is when a small number of businesses (usually less than 10) control the vast majority of the market with a large number of very small competitors operating on the fringe. The classic example of an oligopoly is the US telecoms industry where 4 firms have a market share of 89% (AT&T, Verizon, Sprint, T-Mobile).
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