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Oligopoly - Coggle Diagram
Oligopoly
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5 examples
Electronic - Apple , Samsung , huawei and etc
Entertainment - Disney , Netflix and more
Motor industry - Toyota , Ford and more
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Key terms
Cartel: where a group of firms or countries join together and agree on pricing or output levels in the marker.
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Price war: where one for, I’m the industry reduces price causing others to do the same.
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
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