oligopoly

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define the oligopoly, types with example

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group name - deepesh kumar jain anuradha shegal dimpal kushwah priyanshi gupta rahul jain : 

group name - deepesh kumar jain anuradha shegal dimpal kushwah priyanshi gupta rahul jain Presentation On Oligopoly Market

Oligopoly: 

Oligopoly Market structure that is dominated by just a few firms Each must consider the effect of its own actions on competitors’ behavior the firms in an oligopoly are interdependent 2

Examples of oligopoly : 

Examples of oligopoly Supermarkets Banking industry Chemicals Oil Medicinal drugs Broadcasting

Oligopoly Market: 

Oligopoly Market Oligopoly market are two types : Homogeneous oligopoly Heterogeneous oligopoly

Homogenous oligopoly: 

Homogenous oligopoly Homogenous oligopoly where firms sell same or homogenous product ,it is called homogenous or pure oligopoly . Eg . Industries producing bread, cement, Steel, petrol, etc.

Heterogeneous oligopoly: 

Heterogeneous oligopoly Heterogeneous oligopoly where firms sells differentiated products, it is called differentiated or hetrogeneous oligopoly. Eg . Automobiles , soaps, cigarettes, soft drinks etc.

Sources of oligopoly: 

Sources of oligopoly Huge capital investment Economies of scale Patent rights Control over certain raw materials Merger and take over

Features of oligopoly : 

Features of oligopoly Small number of sellers Interdependence of firm Barriers to entry Nature of the Product Selling cost

Types of oligopoly market : 

Types of oligopoly market Duopoly Oligopsony Bilateral oligopoly Cartel oligopoly

PowerPoint Presentation: 

HOW TO DETERMINE THE PRICE IN OLIGOPOLY MARKET ? Nature of goods Technology Elasticity of demand Marketing strategy

How order to create the demand or product in oligopoly market: 

How order to create the demand or product in oligopoly market Buy 1 get 1 free Lucky draw Discount sales Customer incentive