Oligopoly: Strategic Competition in a Concentrated Market
Oligopoly is one of the most prevalent and strategically complex market structures in modern economies. Characterized by a small number of large firms that dominate an industry, oligopolies sit between perfect competition and monopoly in terms of pricing power, efficiency, and innovation. From airlines to tech platforms, automotive manufacturers to telecom giants, oligopolies influence millions of consumer decisions daily. This article explores the key features of oligopoly, economic implications, pricing behavior, strategic tools, global examples, and policy responses—providing over 1200 words of comprehensive analysis in HTML copy code format.… Read more