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Me 7 WA.pdf - Written Assignment, Unit 7 University of the...

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Written Assignment, Unit 7University of the People (UoPeople)BUS 1103 MicroeconomicsUsing the internet, find an article which discusses an oligopoly industry. In a 1 to 2 pageessay, describe the key characteristics which make this an oligopoly market. State yourcase whether you believe the firms are cooperating, competing, or a little of both. Don’tforget to cite your references
issues dominate the news and public concern, the prevalence of less well-known oligopoliesshould be watched carefully for their impact on consumers.Rather surprisingly, one such example is the housing industry. Typically a market likehome-building would be considered the farthest thing from an oligopoly. Oligopolies aresituations where high barriers to market entry and limited demand prevent new smallercompanies from entering. (OpenStax, 2014) This would not seem to apply to something like the

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Term
Spring
Professor
NoProfessor
Tags
Barriers to entry, Van Dam

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