32 Examples of an Oligopoly
An oligopoly is a market that is dominated by a small number of firms. The number of firms considered an oligopoly depends on the size of the market. An oligopoly exists where a small number of firms relative to the size of the market have a collective market share of more than 90%. Oligopolies are extremely common and tend to emerge in any industry with high capital requirements or where production greatly benefits from economies of scale. The following industries are dominated by oligopolies on an international basis.
NotesThe rule of three predicts that many markets will be dominated by three firms.A market dominated by a single firm is a monopoly.Oligopolies benefit consumers where they are fiercely competitive and efficient due to economies of scale.Oligopolies create a temptation to engage in anti-competitive practices such as price fixing. As such, they must be closely monitored by governments.Organizations that are ostensibly non-profit may act in commercially aggressive ways such that they resemble a monopoly or oligopoly.CompetitionThis is the complete list of articles we have written about competition.If you enjoyed this page, please consider bookmarking Simplicable.
CompetitionA list of ways to compete in a crowded market.
Captive Market
The definition of captive market with examples.
Competitive Pressure
The definition of competitive pressure with examples.
Cost Leadership Definition
An overview of cost leadership.
Capitalism Problems
A list of the primary problems with capitalist economies.
Human Nature
A list of the common elements of human nature.
Greed Is GoodAn overview of greed is good with examples.Market Socialism
An overview of market socialism.
Winter Sports
A list of winter sports.
MarketsA definition of markets with examples.Barter
The definition of barter with examples and comparisons.
Imports
The definition of import with examples.
Grey Market
The definition of grey market with examples.
Laissez-Faire
An overview of the basic characteristics of laissez-faire capitalism or markets.
Market TypesThe common types of market with examples of each.Democratic Socialism
The definition of democratic socialism with examples.
TrendingThe most popular articles on Simplicable in the past day.
New ArticlesRecent posts or updates on Simplicable. Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited. View credits & copyrights or citation information for this page. |
