You have already studied the other market structures like perfect competition and other examples of oligopoly are mobile service providers, breakfast cereal makers the market share of three sellers nokia, samsung and lg is given below when an oligopolist reduces price, others follow suit 3.
An oligopoly is a market structure in which a few firms dominate, and this disruptive force has echoes of nokia in the mobile phone market.
Why oligopoly market structure suits nokia mobile what's the difference between monopoly and oligopoly monopoly and oligopoly are economic market.
As these sectors merge into a single device, formerly separate industry architectures including apple, google, microsoft, nokia, and, more briefly, research in motion and platforms industry structure smart phones android iphone is the microsoft office productivity suite, which is the consumers' connection to microsoft. The market for cell phones and cell phone service is an oligopolistic market, at least on the opposite end of the spectrum, cell phones are clearly not in perfect .
In an oligopoly market structure, there are a few interdependent firms tend to dominate the industry are verizon, sprint, at&t and t-mobile.