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1.2.4.i Main features of oligopoly

Syllabus
2026
Objective
1.2.4
Level

1.2.4.i Main features of oligopoly

Main features of oligopoly:

  • few firms
  • large firms dominate
  • different products
  • barriers to entry
  • collusion
  • non-price competition
  • price competition.
ConceptIGCSE Economics