Chapter 3 Oligopolies
In this chapter we introduce the market form oligopoly, which is when there exists more than one firm in the market, but not so many that we can consider the market as being a perfectly competitive one. We look at different oligopoly models, and also study the market form monopolistic competition. It provides answers to how different firms, e.g., construction equipment providers or real estate developers, should structure their product or service offerings in relation to their competitors. The focus here is mainly on existing market actors and their interactions.
3.1 Introduction
An oligopoly is a market form with a finite, but more than one number of firms. A market with only one producer is a monopoly; a market model ...
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