OligopolyMembers: Mae Casumpang Eunice Sanchez Jean Bhrose Laroco

OligopolyOligopoly markets structure characterized by few sellers and independent price-output decisions. It also comprise a handful of competitors sheltered by significant barriers to entry. Oligopoly firms might produce an identical products.

Characteristics of Oligopoly

1.Few sellers.2.Unique products.3.Blockaded entry or exit.4.Imperfect dissemination of

information.5.Opportunity for economic

profits in long run equilibrium.