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Essay / Research Paper Abstract
Any business will have to make decision regarding they way they formulate strategy. This 4 page paper considers the specific problems associated with any low population oligopoly. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEolistrat.rtf
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Unformatted sample text from the term paper:
developing competitive markets. However, not all markets will be competitive, some may be monopolies and other may not get past the structure of an oligopoly. Where there is a low
population oligopoly we may argue there may be strategic problems. In an oligopoly there are either only a few operators, or the market
is dominated by only a few operators, even if they are operating under subsidiary companies. If there are a large number of companies then the majority of the market place
will be one where there are only a few major companies (Thompson, 1998). In a low population oligopoly there are few competitors.
Unlike the other models of pure competition and monopolistic competition, this along with the monopoly model is one where the companies that operate in that marketplace have some measure of
influence over the industry and the sector due to the concentration of power in relatively few hands. This means that there may well be aspects of co-operation or cartels in
this area where there are agreements in the different aspects of the market. For example the oil producers of OPEC all operate in an oligopoly, as there are a few
companies which dominate the model and then they also operate in a limited form of co-operation with each other. This can also be seen as used to control prices as
well as the way in which they all operate in the sector, and as such the price competition may be a great deal lower with priced pegged at an artificial
level (Thompson, 1998). It is also possible in a oligarchic industry that there may also be some pegging and subsidising of prices in order to keep them relatively low,
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