Oligopoly - short answer
Question 1
Explain why price competition is rare in oligopoly.
Question 2
Explain the phenomenon of sticky prices in an oligopolistic market.
Question 3
Explain two models of an oligopolistic market.
Question 4
Explain why it is often considered that firms in oligopoly will collude over prices and form cartels and other forms of price fixing.
Question 5
Why is it difficult to break into an oligopolistic market?
Question 6
Discuss the various factors which a firm in an oligopolistic market is likely to take into account when deciding upon the price to charge for its product.