Answer to Question #210332 in Macroeconomics for Boitumelo

Question #210332

How can an oligopoly cause market failure


1
Expert's answer
2021-06-25T08:27:56-0400

An oligopoly is a market having few firms, which dominate the market. This indicates that there is small or no competition in the market since there are few sellers and buyers. Thus this can lead to market failure.


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