Characteristics of Oligopoly Market

Global Competitive
Environment
2.1-2.4

Table of Content
i
 Introduction
 Characteristics of Oligopoly Market
 Advantages
 Disadvantages
 Competitors
 Pricing Strategy
 Conclusion
 References

Introduction
 The Oligopoly market is described as those market
conditions where there are few sellers who are
selling differentiated or homogeneous goods.
 The firms who are selling their products are having
large market shares.
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Characteristics of Oligopoly Market
• Few Sellers
• Interdependence
• Advertising
• Competition
• Entry and exit barriers

Few Sellers
• There are less sellers but customers are large in number who
are selling products.
• As the market place is dominated by few sellers so they are
having total;
• Control over the prices of products which they are selling to
their customers.

Interdependence
This is most vital feature of Oligopoly market as the sellers
have to focused on the pricing strategy which are adopted
by other rivalry.
There is high competition among the sellers because if one
firm change the price of their products then other firms