Characteristics of Oligopoly

Characteristics of Oligopoly:

1. Interdependence:

The most significant feature of oligopoly is interdependence in decision-making. As there are some firms, each firm closely watches the activities of other firm. Any transform in price, product, output, and so on by a firm will have a direct effect on the fortune of its rivals. Therefore an oligopolistic firm should consider not only the market demand for its product, however also the possible moves of another firm in the industry.

2. Group Behavior:

Firms might realize the significance of mutual cooperation. Then they will have a tendency of collusion. At similar time, the desire of each firm to earn maximum gain might encourage competitive spirit. Therefore, co-operative and collusive trend and also competitive trend would prevail in an oligopolistic market.

Latest technology based Economics Online Tutoring Assistance

Tutors, at the, take pledge to provide full satisfaction and assurance in Monopolistic Competition help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Monopolistic Competition, project ideas and tutorials. We provide email based Monopolistic Competition help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Monopolistic Competition. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Monopolistic Competition. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.