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Title: oligopoly

Essay Details

Subject: Business
Author: Christian L
Date: January 17, 2013
Level: University
Grade: A
Length: 2 / 438
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

This typically happens in market for inputs where a small number of firms are competing to obtain factors of production. This also involves strategic interactions but of a different nature than when competing in the output market to sell a final output. Oligopoly refers to the market for output while oligopsony refers to the market where these firms are the buyers and not sellers (eg...

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This also involves strategic interactions but of a different nature than when competing in the output market to sell a final output. Oligopoly refers to the market for output while oligopsony refers to the market where these firms are the buyers and not sellers (eg. a factor market). A market with a few sellers (oligopoly) and a few buyers (oligopsony) is referred to as a bilateral oligopoly...

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