https://padlet.com/518513/7jrllb57uc2w Made with magic en-us 2018-03-13 18:11:57 UTC 2024-11-10 15:07:59 UTC hello@padlet.com 518513 https://padlet.com/518513/7jrllb57uc2w/wish/241559681 Oligopolies are markets dominated by a small number of producers.]]> 2018-03-13 18:20:24 UTC https://padlet.com/518513/7jrllb57uc2w/wish/241559681 518513 https://padlet.com/518513/7jrllb57uc2w/wish/241564220 Since there are few options for consumers, prices usually remain higher than usual. Since there are so few producers, actions by one will often influence the actions of another.]]> 2018-03-13 18:27:38 UTC https://padlet.com/518513/7jrllb57uc2w/wish/241564220 518513 https://padlet.com/518513/7jrllb57uc2w/wish/241565173 A great example of an oligopoly industry is cell phone providers. In the United States the largest providers are Verizon, AT&T, and T-Mobile. Often when one of these companies offer a specific plan or program another will offer the same deal. ]]> 2018-03-13 18:29:01 UTC https://padlet.com/518513/7jrllb57uc2w/wish/241565173 518513 https://padlet.com/518513/7jrllb57uc2w/wish/241568690 https://www.youtube.com/watch?v=TdGNBdWyY94]]> 2018-03-13 18:34:44 UTC https://padlet.com/518513/7jrllb57uc2w/wish/241568690