Why Is Oligopoly More Difficult To Analyze Than Other Market Models?


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Amanda Wells answered
This may be because in any oligopoly you have by definition only a few firms or organizations to base your analysis on (four is the number often quoted) and the behavior of one firm can disproportionately influence the others in an individual case, making it harder to understand trends in oligopolies in general. You can find a good overview of the characteristics of this market model here.

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