Oligopoly is derived from two greek words, \u2018Oligi\u2019 meaning few and \u2018Polein\u2019 meaning to sell.<\/p>\n
An oligopoly refers to a market situation in which only a few firms control the supply of a commodity.<\/p>\n
None of these firms can prevent the other from having an influence in the market and they sell products that are slightly different.<\/p>\n
There are enough options available to the consumers and the prices are moderate because of competition.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oligopoly is derived from two greek words, \u2018Oligi\u2019 meaning few and \u2018Polein\u2019 meaning to sell. An oligopoly refers to a market situation in which only a few firms control the supply of a commodity. None of these firms can prevent the other from having an influence in the market and they sell products that are… Continue reading Oligopoly<\/span><\/a><\/p>\n","protected":false},"author":10350,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-232644","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/232644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10350"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=232644"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/232644\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=232644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}