2. Competition; In oligopoly market structure firms practice true competition where they are always alert monitoring...

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2. Competition; In oligopoly market structure firms practice true competition where they are always alert monitoring rivals actions (De Fraja et al. 1989). There are few sellers in the market, therefore, a move by a single seller will affect the whole market, hence the need to monitor one another. 2. Competition; In oligopoly market structure firms practice true competition where they are always alert monitoring rivals actions (De Fraja et al. 1989). There are few sellers in the market, therefore, a move by a single seller will affect the whole market, hence the need to monitor one another.