What Makes a Market an Oligopoly?
What Makes a Market an Oligopoly?
An oligopoly is a market dominated by a few large firms that together supply most sales. It is defined by high market concentration and interdependence, not simply by counting the number of firms.
Step-by-step lessons on Edexcel A A Level Economics 3.4.4 Oligopoly. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.