Teaching PowerPoints
4.1.5.5 Oligopoly (AQA A Level Economics Teaching Powerpoint)
- Level:
- A-Level
- Board:
- AQA
Last updated 18 Sept 2023
This editable and downloadable PowerPoint covers Oligopoly.
Oligopoly is a term used in economics to describe a market that is dominated by a small number of firms. In an oligopoly, there are so few competitors that each firm has a significant amount of market power. This means that the firms can have a big impact on the market by changing their prices or output levels. For example, the oil industry is often described as an oligopoly, because there are a limited number of oil-producing countries that have a lot of influence over global oil prices. Oligopolies can also be found in industries like pharmaceuticals, telecommunications, and automobiles.
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