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Word count: 867
1. Why does there appear to be a movement towards Oligopoly in certain markets? [15]
2. How does this movement affect the way in which producers make decisions and how does it affect the welfare of consumers? ... An Oligopoly is almost similar to a Monopoly, how ever there are a few interdependent firms that dominate, and this interdependence is what makes this form of market structure different. ...
There appears to be a movement towards Oligopolies in a variety of markets, the most noticeable ones being the car industry, the airline industry, and the banks. This movement is happening thanks to mergers, which in turn are possible because of economies of scale. ... The A380 will be cheaper then 2 smaller planes for the same amount of passengers, as well as the maintenance and the flying costs. ... Nike is a perfect example of both; Nike is part of an Oligopoly together with Reebok and Adidas. ... This is a clear sign that Nike is the largest firm within there oligopoly.
Approximate Word count = 856
Approximate Pages = 3.4
(250 words per page double spaced)
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