Market structure in which only a few sellers offer similar or identical products
A group of firms acting in unison
An agreement among firms in a market about quantities to produce of price to change
Prevent oligopolists from acting together in ways that would make their markets less competitive.
Power to raise prices above the competitive level
situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen.
Please allow access to your computer’s microphone to use Voice Recording.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Your microphone is muted
For help fixing this issue, see this FAQ.