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OLIGOPOLY - Coggle Diagram
OLIGOPOLY
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5 examples:
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3)U .S. media outlets owned by six corporations: Walt Disney (DIS), Time Warner (TWX), ViacomCBS, NBC Universal, and News Corporation (NWSA).
4) Leading auto manufacturers in the United States being Ford (F), GMC, and Fiat Chrysler.
5) Music entertainment industry- Universal Music group, Sony BMG and Warner Music Group
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Key terms:
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Niche market: market for a product or service perhaps an expensive or unusual one that does not have many buyers, but that may make good profits for companies that sell it
Cartel: where a group of firms or countries join together and agree on pricing or output levels in the market.
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