Assertion: oligopoly | /r/HasProperty | small number of firms
Facets:
Source sentences:
text: An oligopoly is similar to a monopoly in that there is a small number of firms which have market power meaning that they can influence the price in the market and there is almost no competition.
text: An oligopoly is a small group of bidders who sell products at high prices.
text: An oligopoly is a small group of companies that dominate a given market.
text: An oligopoly is a small group of businesses, two or more, that control the market for a certain product or service.
text: In theory, a cartel can be formed in any industry but it is only practical in an oligopoly where there is a small number of firms.
text: The difference in a cartel and a oligopoly is: A cartel is a small number of firms that dominate the industry to fix price and production; and oligopoly is a small number of firms that compete with each other and numerous sellers have their presence in one significant market.