Hmm. There's not a connection, is there? Can someone ask Mitt Romney and the US Chamber of Commerce?
Oligopoly (From Wikipedia, the free encyclopedia)
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Because there are few sellers, each oligopolist is likely to be aware of the actions of the others. The decisions of one firm influence, and are influenced by, the decisions of other firms. Strategic planning by oligopolists needs to take into account the likely responses of the other market participants.
(Thanks to KC for the hint)
No comments:
Post a Comment