https://padlet.com/aconnoll4/uf3a84bx8z2nzepl en-us 2023-05-11 16:51:01 UTC 2023-05-15 18:21:57 UTC hello@padlet.com aconnoll4 https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2587520117 In a market with only a few sellers, all the products are all identical or very similar to each other. there are a lot of barriers to entering and exiting this business. ]]> 2023-05-11 17:01:35 UTC https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2587520117 aconnoll4 https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2589065972 2023-05-12 18:37:43 UTC https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2589065972 aconnoll4 https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2589076737 advantages
- brings price stability to the market 
- it maximizes profits
disadvantages
-   reduces consumers choice 
- the entry of new firms are impossible ]]> 2023-05-12 18:48:42 UTC https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2589076737 aconnoll4 https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2591746236 1. the number of sellers going along with the barreres it take to get into that market, for instance with oligopoly has few sellers that means there are hard barriers to get into the business. 
2. It is in the best interest of sellers because they are completely controlling the prices by communicating with the other few companies. ]]> 2023-05-15 18:21:51 UTC https://padlet.com/aconnoll4/uf3a84bx8z2nzepl/wish/2591746236