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Economics 101: Oligopoly | SterlingTerrell.net

Economics 101: Oligopoly


What is an oligopoly?

An Oligopoly is a market with only a small number of sellers.

Examples?

In the USA:
  • There are only a few companies that make airliners.
  • There are only three or four major cellular carriers.
  • And I can only think of two railroad companies.