savio13
Savio Cabral
1. Few sellers: Oligopoly form of market consists of few sellers. As against perfect and imperfect market, the numbers in oligopoly is limited, usually the oligopoly number is not more than ten. In case there are more sellers, a few will be dominant firms, others being insignificant.
2. Homogeneous or Differentiated Product: Oligopolists usually sell differentiated products. Differentiation is in the form of trade mark, design or nature of service. Developing brand equity has become important for oligopoly firms.
2. Homogeneous or Differentiated Product: Oligopolists usually sell differentiated products. Differentiation is in the form of trade mark, design or nature of service. Developing brand equity has become important for oligopoly firms.