Oligopoly form of Market Structure

​An oligopoly is a market structure in which a market or industry is dominated by a small number of large sellers or producers.

​Meaning

​OLIGOPOLY

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​Examples of oligopoly

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​Characteristics of Oligopoly Market

​1. Interdependence

​2. Importance of advertising and selling costs

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Fill in the Blanks

Oligopoly form of market has more than ---- seller

Draw

Draw Demand curve of Oligopoly Form of market

Multiple Choice

Airline Industry is an example of ------

• Perfect competition

• Monopoly

• Monopolistic Competition

• Oligopoly