RE: 20-04-2024 - Economy - Oligopoly [EN]-[IT]
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Oligopoly is really common here but I’m glad to know the meaning which I learnt from you just now.
One factor about it is that those alike products should be sold around the same price and that’s where the competition will be higher
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What you say is correct, oligopoly is a system where competition exists, but between a few subjects. In this sector the products are the same or almost the same. When a few companies have a high percentage of the market we can talk about oligopoly