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3.4.4 Oligopoly

A few firms control a large share of the market, giving them significant market power.

A

The industry has no barriers to entry, so new firms can enter freely.

B

Firms in the industry produce identical products and compete only through price.

C

Many small firms compete, with no individual firm holding significant market power.

D

What does a high concentration ratio indicate about an industry?

3.4.4 Oligopoly Flashcards

  1. A Level
  2. /Economics
  3. /3.4.4 Oligopoly

Flashcards for Edexcel A A Level Economics 3.4.4 Oligopoly, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 26 cards, matched to the Edexcel A A Level Economics (9EC0) specification.