Business Decision Making In Oligopoly

Photo by Lauren Edvalson on Unsplash

A market in which there’s a high concentration level is an oligopoly. In such a market structure, there are usually 2 to 3 dominant firms controlling the market, each with an interdependent relationship with the other firms.

We will take a look at the internet search engine industry. In particular, we will use Google and Microsoft in our…

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