Oligopoly by Nick and Simon https://padlet.com/weatherguy26/cz8tetbg4p72 An oligopoly is a structure of business that has many industries within it that are dominated by a few sellers who together can excersize some control over the price of their products en-us 2017-11-01 13:56:01 UTC 2023-05-30 05:04:48 UTC hello@padlet.com weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202907125 2017-11-02 14:04:06 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202907125 Delta Airlines weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202908140 Delta is a great example of an oligopoly because they are in airlines business with multiple companies that have very similar products. Delta is an example of a oligopoly because the sellers commonly collude for higher prices for example on Christmas all or most flights costs are raised exponentially.]]> 2017-11-02 14:05:40 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202908140 Pros and cons of an oligopoly weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202911486 +there are high profits since there is very little for competition.
+there are very few companies to chose from for good or services.
+easily comparable prices forces the companies to compete with other companies.
-small businesses And people with creative ideas struggle to forge a spot with the large companies.
-because of the limited choices there is very little variation in prices so the term "it's a bargain/a great deal" is very rare.
-companies become very settled with there business because profits are guaranteed.]]> 2017-11-02 14:11:11 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/202911486 weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203295121 2017-11-03 14:06:11 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203295121 What is a oligopoly weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203297007 A oligopoly is consisted of very few marketers, which sell a almost identical product. Collusion can commonly occur which results in higher prices. In a oligopoly market is almost always garenteed for the major companies the only variation is in selective preference. It is almost impossible for Small new companies to succeed or make a survivable profit because the products is lead by the few major companies]]> 2017-11-03 14:09:28 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203297007 weatherguy26 https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203301047 2017-11-03 14:17:12 UTC https://padlet.com/weatherguy26/cz8tetbg4p72/wish/203301047