savio13
Savio Cabral
Oligopoly is a market form in which there are few sellers of homogeneous or differentiated products. If the commodity is homogeneous, it is called pure oligopoly. It is differentiated oligopoly market, if the product is differentiated. Theoretically, entry into oligopoly market is allowed but in reality it is very difficult. In India we have the oligopoly market in automobiles where each group- cars, scooters, trucks – is an oligopoly market. Domestic airlines, refrigerators, T.V . sets, air conditioners are some examples of oligopoly markets in India