Oligopoly market is a market in which there are few sellers in the market for a particular product. Sometimes there are distinguishing for the market where there are only two sellers of course, the market as it is called by the duopoly market. Meanwhile, the market consisting of more than two sellers were called oligopoly market.
Or the definition of an oligopoly market is a market where supply one type of product controlled by a few companies. Usually the amount of the company more than two, but less than ten. Oligopoly market is basically divided into two forms, including an oligopoly market with product differentiation that the company products are distinguished from other companies. And the other forms are an oligopoly market with no differentiation of products.
The products produced by manufacturers is homogeneous and undifferentiated with another company. In this market companies or manufacturers can compete directly, but can also perform merger (amalgamation).
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