• Created by: kingzai
  • Created on: 09-10-18 20:23
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  • 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
    • 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
    • By Zai


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