Oligopolies
- Created by: kingzai
- Created on: 09-10-18 20:23
View mindmap
- Oligopolies
- Characteristics
- Product Branding
- Barriers to Entry
- Inter-dependence
- Cons
- Consumers
- Price fixing may impact consumers negatively as firms may decide to set high prices
- Firms
- Loss of motivation. The lack of competition may cause x-inefficiency to occur
- Consumers
- Pros
- For Consumers
- Consumer choice: there are few firms offering products so easier for consumers to compare and choose
- Competitive pricing which leas to low prices
- For Consumers
- By Zai
- Characteristics
Comments
No comments have yet been made