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What is Oligopoly?In the context a monopoly, something to do with small companies owning a share of the market What an oligopoly! Oligopoly - meme gifOligopoly - videoOligopoly - what is it?Oligopoly! What does "Oligopoly" mean?An Oligopoly is the parallel of a monopoly. Where a monopoly is a market dominated by one seller with little or no competition, oligopolys have many sellers competing for customers. If left unchecked intime slowly grocery store will fade from an oligopoly to a monopoly thanks to Wal-Mart. Oligopoly - what does it mean?An Oligopoly is the act of participating in a monopoly with multiple companies. Behind closed doors the companies will usually agree not to compete with each other in certain regions of a country, state, or city. This can lead to the severe spike in prices without the need for compensation due to competition. This act, while royally fucking a consumer, can provide access to a previously illegal business practice with zero negative repercussions and an immunity to any legal action being taken against the companies in question. Comcast : So Time Warner, You take New York, I'll take California, and AT&T can take Texas. |
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