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Unit 2.11(5) Market power - Oligopoly(HL)

An oligopoly is a market model in which a small number of large firms dominate. In this situation, a small number of large firms account for a large share of total market revenue, while the rest of the market consists of small firms. Definition of oligopoly Evaluation of oligopoly The link to the attached PDF is revision material from Unit 2.11(4) Market power - Oligopoly(HL). The revision material can be downloaded...

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