Oligopoly Industry

Give the Brief Introduction of oligopoly industry

An oligopoly market is a form of market wherein a market or the industry is dominated by a smaller  number of sellers or few of the large number of sellers. Oligopoly market is knonw to reduce the competitor from the manufacturers of various kinds of market which are available in the subsidies of the real market. The oligopoly market is mainly formed due to various kinds of collision which is known reduce the competition from the other types of market. It also therefore increases the price of the products to the customers. The oligopoly market is known to have a different market structure which consists of various types of small and big market structures.

When did the oligopoly industry has been started and whom?

Several years ago there was a meeting of the businessmen and the academic industries in the year  1980. The large corporations used to develop and restrait the idea of the opinion. The companies rose to the other part of the oligopoly economics where the they were assured of having more than the knowledge of having the prominent industrialist in the market.. It is very true that the term in the economics came up very abruptly and very quickly. It also came up with the creased development in the eaerly subtitles of the interest in the subject. The result was the references of Cournot’s theory of Oligopoly market. The matter is of some interest in the economic theory or in the monopoly market. The matter is of some interest mot only the word of itself in the segment of economist.

What was the need of this oligopoly industry?

The oligopoly market structure is some what dominating that is when the market share is rising to the new and few firms in the market. It is needed in the present day market as because it is the thing which can be shared between the different types of firms at the same time. Although it is only known that few of the firms are known to dominate in the oligopoly market. Few of the major examples of the oligopoly market is that the British Airways and the Air France which is known to operate with a very few close competitors in the airplane market. The oligopoly market can be defined by using the concentration ratios which is known to measure the proportion of the total market share that is controlled by the given number of industries in the world.

What is the uses of these oligopoly industry?

The oligopoly market and industries are prevalent throughout the world and it is appearing at an increasing rate. Unlike the monopoly market where the corporation is known to decide the certain market the oligopoly market is known to exist in most parts of the world. An oligopoly market has various types and kinds of used where the few companies having a significant influence over the whole industry. The oligopoly market is known to include the noticeable multitude of the markets. They are known to tend in cooperation with each other to benefit7 as a whole.

What is the Criticism of oligopoly industry?

Few of the criticism in the oligopoly market is that the market will be lacking the hard core competition that teb sjops and the industries enjoys in the monopoly market. The shops and the industries will be able to compete among themselves. Also the most strong industry or the market will be able to earn huge amount of profit. However all the other markets will not be able to earn a huge amount of profit because of the loss of industry and competition in the market.

What is the related topic and concept of oligopoly industry?

Monopoly market is something which is directly linked with the oligopoly market in the industry. In the monopoly market the market structure is characterized by a single seller who is known for selling various types and kinds of unique products with the restriction for the new firm entering into the market. Simply the monopoly market is a form of market where there is a single seller who sells various kinds  of goods commodities in the market. Under the monopoly market the full control of the goods and the services are focused with the single product. The elasticity of the demand is zero for the products. There is a single seller oar  single producer who is known for producing a single product and there is no major difference between the firm and the industry. There the firm is itself and industry. The firm is known to influence the price of the products and hence they are known to be the price makers as well as the price takers of the product and the services offered by them to the specific customers.