Quizlet
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| 1-2 of 2Oligopoly flashcard sets | |||
|---|---|---|---|
| # | Title | Terms | Date |
| 1 | C12-Oligopolyby lsturgis | 21 terms | December 2, 2008 |
| 2 | 7.2 Monopolistic Competition and Oligopolyby mjdolenko | 3 terms | October 11, 2009 |
No groups found.
| oligopoly definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | when a small number of companies control an industry | 16 sets | |
| 2 | a market structure in which a few large firms dominate a market | 14 sets | |
| 3 | a market structure in which only a few sellers offer similar or identical products | 9 sets | |
| 4 | when a small number of companies control an industry. | 7 sets | |
| 5 | domination of a market by only a few businesses | 6 sets | |
| 6 | a form of competition in which just a few sellers dominate the market | 5 sets | |
| 7 | the domination of a market by a few producers | 5 sets | |
| 8 | (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors | 5 sets | |
| 9 | the control of an entire industry, such as meat packing, by a few major producers | 5 sets | |
| 10 | market form in which a market is dominated by a large number of sellers. when oligopolists in the same market collude and agree to raise prices and restrict production, a cartel forms. | 4 sets | |
| 11 | a from of competition in which just a few sellers dominate the market | 3 sets | |
| 12 | few sellers and identical or slightly differentiated products | 3 sets | |
| 13 | market dominated by a few large firms | 3 sets | |
| 14 | a market structure in which a small number of interdependent firms compete | 3 sets | |
| 15 | a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors | 3 sets | |
| 16 | a market in which there are only a few rival sellers | 3 sets | |
| 17 | a market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors | 2 sets | |
| 18 | a market structure with a small number of firms whose behavior is interdependent | 2 sets | |
| 19 | an economic situation in which a small number of companies dominate an industry | 2 sets | |
| 20 | the domination of a market by a few producers. | 2 sets | |
| 21 | n. domination of a market by only a few businesses | 2 sets | |
| 22 | a market dominated by a small number of participants who are able to collectively exert control over supply and market prices. | 2 sets | |
| 23 | market structure dominated by a small number of sellers. the word is derived from the greek for few sellers. because there are few participants in this type of market, each oligopolist is aware of the actions of the others. the decisions of one firm influence, and are influenced by the decisions of other firms. | 2 sets | |
| 24 | market structure in which a few large sellers dominate and have the ability to affect prices in the industry; form of imperfect competition | 2 sets | |
| 25 | a market structure dominated by only a few large, profitable firms | 2 sets | |
| 26 | market structure dominated by only a few large firms | 2 sets | |
| 27 | a few large sellers dominate the market | 2 sets | |
| 28 | a | 2 sets | |
| 29 | an industry composed of a limited number of large firms | 2 sets | |
| 30 | a market structure in which a few very large sellers dominate the industry. | 2 sets | |
| 31 | a market structure in which a few very large sellers dominate the industry | 2 sets | |
| 32 | the market condition that exists when there are few sellers | 2 sets | |
| 33 | * few sellers* substanstantial barriers to entry**standardized and differentiated products* non price competition(food cereal) steal price follower | 2 sets | |
| 34 | a type of market where there only are a few sellers, there is a nearly standardized product, and entry into the market is difficult | 2 sets | |
| 35 | market structure in which a few large firms dominate a market | 2 sets | |
| 36 | a form of competition in which just a few sellers dominate the market. | 2 sets | |
| 37 | few firms, standardized or differentiated product, control only when working together, significant obstacles to entry, nonprice competition, ex: steel, opec | 1 set | |
| 38 | limited competition, but more than a monopopy (not a cartel) | 1 set | |
| 39 | a market served by a few firms | 1 set | |
| 40 | only a few firms | 1 set | |