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Vlad [161]
3 years ago
13

What power does a market leader in an oligopoly have

Business
2 answers:
s2008m [1.1K]3 years ago
6 0
Oligopoly a market structure in which a few late firms dominate a market.
mrs_skeptik [129]3 years ago
5 0

Answer:

The correct answer is a combination of many powers.

Explanation:

To begin with, an <em>oligopoly</em> is a type of market where a few number of competitors dominate that market. However, those competitors tend to be so agressive with each others due to the fact that a low performance from one can benefit the other in a huge way, therefore that this type of market is <em>characterized for the differentation of the products or services and for the huge publicity they do</em>.

Secondly, <u><em>it is huge the number of powers</em></u> that a market leader has in this type of market, examples of that is the fact that the leader tends to have a <em>great differentation</em> in its product and <em>loyalty from the customers</em>, therefore <em>a big price</em> in the product is no problem for the clients that still buy to that company and therefore obtain a <em>great benefit</em> from that. Furthermore, the fact that few companies are in the market benefit the situation where all of them may not try their best at the time of providing their service or product to the clients.  

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