It is important to note that in real-life oligopolies, the games (instances of collusion) are sequential; meaning that one firm’s behavior in one game may influence the game’s outcome in future periods. In this scenario, we see that the optimal outcome that generates the most cumulative p...
英语解释 (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相似短语 differentiated oligopoly 差异寡头 oligopoly model 寡头模型 oligopoly theory 控制市场理论 imperfect ...
美[ˌɒlə'gɒpəlɪ] 是什么意思 n. 求过于供的市场情况; 变形 复数:oligopolies 英英释义 oligopoly[ ,ɔli'ɡɔpəli ] n.(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 pri...
展开全部 英英释义 Noun 1. (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 行业词典 法律 少数制造商对市场的控制...
Market power refers to abilities to influence the price–quantity combination in a market to one’s advantage. This, in case of monopoly and oligopoly markets, introduces inefficiencies in the static environment considered. The companies still face constraints, though, as they have to take their ...
purchase products or services from a single provider, which allows the company to set prices without concern for competition. Anoligopoly is a market dominated by a limited number of competing businesses, where a single company may have a significant influence on the pricing of goods and services...
Market prices are determined by consumer demand; no supplier has any influence over the market price, and thus, the suppliers are price takers. The primary reason for many firms is because the barrier of entry into the business is low. The best examples of a purely competitive market are ...
“the focus of an economist’s search for antitrust harm should be primarily, if not exclusively, on cases where a rival is so deprived of scale that it either goes out of business or suffers significant impairment of its competitive influence.” Relatedly, Calzolari and Denicoló (2013) ...
Market Control:The leading company has a significant market share and influence over competitors. Limited Price Competition:Price leaders reduce high price competition among firms in the industry. Adaptability:This leadership can change with time as market conditions and leading companies evolve. ...
oligopoly [ ol-i-gop-uh-lee ] Phonetic (Standard)IPA noun the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Compareduopoly,monopoly ( def 1 )....