Economics information on oligopoly

Economics
Tutor: None Selected Time limit: 1 Day

In your own words please explain oligopoly

Feb 2nd, 2015

In industry in which there are only a few competitors. Such as only a few gas stations in a small town. They can collude and raise the prices, as long as their prices are all close together. They can do this because consumers have no other option for gas. 

Feb 2nd, 2015

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Feb 2nd, 2015
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