Illustrates the characteristics of Oligopoly
Illustrates the characteristics of Oligopoly?
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Oligopoly:It is a distinct market condition. This has the given features as follows:
A firm is probably to reduce the number of workers this employs when there are: (i) reductions in the wage rate. (ii) increases in the price of the output. (iii) accumulations of specific training from workers. (iv) technological advances which encourage automation. (
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Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies
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