Oligopoly: A Few Interdependent Firms
Oligopoly: A Few Interdependent Firms
An oligopoly is a market structure dominated by a few large firms, usually protected by high barriers to entry. Firms may sell identical or differentiated products, but the defining feature is that their decisions are interdependent.
Step-by-step lessons covering AQA A Level Economics 1.5.5 Oligopoly (A-level only) for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.