Select a firm that operates in the oligopoly market structure. Your post should explicitly define oligopoly and

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Select a firm that operates in the oligopoly market structure.

Your post should explicitly define oligopoly and make clear connections between your firm and the characteristics of a oligopoly.

Describe the firm and provide at least 3 pieces of evidence that show the characteristics of oligopoly. Label them 1, 2, and 3.

If you discuss barriers to entry (and you should), be sure to identify the specific barrier(s) in addition to explaining the general concept of barriers to entry. It is not sufficient to say that firms face barriers to entry (in general).

Discuss an example from your personal experience, not an outside source.

Posted Date: Nov 17, 2021 02:01 PM

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Select a firm that operates in the oligopoly market structure. Your post should explicitly define oligopoly and

Question:

Expert Answer:

Oligopoly is defined as The phrase oligopoly comes from the Latin words olgoi which means few and pl which means to sell As a result it translates to few sellers This along with five other qualities i... View the full answer

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