What makes a market an oligopoly?
What makes a market an oligopoly?
Oligopoly is a market structure dominated by a few large firms, so each firm has enough market power to influence price, output, or advertising. The key feature is interdependence, which means each firm must think about how rivals will react before it acts.
Step-by-step lessons on Eduqas A Level Economics 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.