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  • Created by: meloakes
  • Created on: 29-03-15 11:52
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  • Oligopoly: A market dominated by a few large firms
    • High concentration ratio
    • Price rigid due to the game theory
    • High barriers to entry
    • Non-price competition due to increasing market share
    • Collusion takes place: agree not to compete on price
    • Price makers but have a fear of changing price


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