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Please help me with this- Find an article from a newspaper or magazine that discusses an Oligopoly. You probably won't find the article using the
Please help me with this-
Find an article from a newspaper or magazine that discusses an Oligopoly. You probably won't find the article using the word Oligopoly, so you might have to think of some examples of markets or organizations that are Oligopolies and find an article on those.
- How are the decisions of the firms affected by being in an Oligopolistic market?
- Would the price and quantity of output change if there were more firms in the market?
- Are there public (government) policies that affect the market?
- What are the policies and what are the policies attempting to do?
Hint: You might be able to find examples by searching for articles with such policies mentioned (Anti-trust, Sherman act, collusion), or by thinking about markets that have few sellers, etc.
- Are those policies effective?
- Does it appear that the firms in the Oligopoly are colluding with each other or competing against each other?
- Why do you think so? Is that helpful or harmful to consumers?
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