Monopoly

monopoly The Monopoly a) Using Australian examples give away the characteristics of the two of the following forms: Monopoly Oligopoly The main(prenominal) characteristics of an oligopoly argon: ? The market is reind by only a a couple of(prenominal) companies, which are relatively large. ? The output of identical products which are similar. ? at that place are significant barriers to entry. ? The mutuality of production decisions at potty the market. An Oligopoly market exists in which a tiny number of firms decree the supply to an entire market.

distributively firm producers a bouncing similar product. In Australia the oligopoly is the study market form. It is because Australia is so teensy-weensy market located uttermost from overseas markets and this thus requires producers to be larger, so they are to a greater extent competitive. There are hundreds of examples of oligopolistic industries, e.g. cars (Holden), breakfast cereals (Kellogs) This market form does non only depend on the la...If you want to get a full essay, order it on our website: Ordercustompaper.com

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