If you are looking for professional help with your oligopoly homework or assignment, we can help.
Our online assignment experts are available 24 hours a day and can write award-winning assignments for you. With our 24/7 support online and a dynamic in-house quality assurance process, we can handle any level of complexity in your assignments and homework.
Our economics experts can solve oligopoly assignments at all levels - that is, from basic to advanced levels and we can even deliver a fully completed assignment within 24 hours if our customer so requires. If you need an assignment completed in a hurry, ask us for 24 hour homework help. It is easy to get in touch with us - you can chat with our super-professional customer success managers any time of the night or day or you can simply drop us an email to firstname.lastname@example.org and one of our experts will contact you within a few minutes.
Oligopoly is a typical market condition wherein a small number of large enterprises dominate the scene. Since the number of players is small, there is lesser competition & these enterprises start collaborating with each other. This kind of collaboration then translates into higher costs for their consumers. To put things in a better perspective, if the market is dominated by a single enterprise, that situation is known as 'monopoly'. If the market is dominated by two enterprises, it is known as 'duopoly'. Then, if the market is dominated by more than two enterprises, that condition is known as 'oligopoly'. While there is no maximum number in an oligopoly form, the number of enterprises in an oligopoly should be low enough such that the actions of one enterprise should considerably influence the business of the others. In an oligopoly market form, each of the enterprises in the oligopoly exert equally strong influence in the market and on the customers of the other enterprises.
Here are a few good examples of oligopoly:
Price-fixing and collusion is rampant in an Oligopoly market setup because companies find it more profitable to collaborate than to engage in pricewars or steal customer lists or poach in another companys area. Legislations also exist which seek to prevent cheating by companies in an oligopoly market form. But in spite of all that there are some situations where price-fixing is done using innovative means which do not make it look like blatant price-fixing A good example of price-fixing in an oligopoly is OPEC. Price wars are not only expensive but they hurt the interests of all other companies in the Oligopoly. So, companies use branding, product differentiation and other marketing techniques to promote their respectice products to reach out to more customers and expand their market reach.
A characteristic most closely associated with oligopoly is the high-entry costs. These costs can be due to massive capital expenditure, licensing costs (for example, oil exploration licenses, mobile phone operator licenses etc.). Some even say that these are the conditions that actually enable oligopolies. But advances in technology have changed the situation for these enterprises. Oligopolies started getting challenged by other enterprises which even provided better products or services than the original companies. Good example is Google taking on Microsoft's MS Office using Google Docs, which was not only free for the end-user but also provided equally good (if not better) functionality than MS Office. Another example is the North American oil companies came in for some stiff competition from OPEC which cut down prices to counter their rise. The five-firm concentration ratio in an oligopoly should be greater than 50%.
In an oligopoly market set-up, the term "five-firm concentration greater than 50%" means the top five companies in the oligopoly should have a combined market reach of at least 50%.
Concentration ratios are used by economists to measure the level to which an industry or market is oligopolistic. It can also be defined as the market shares of the biggest firms in the oligopoly. A"three-firm concentration ratio" means the market share of the top three enterprises in the oligopoly. A "five-firm concentration ration" means the market share of the top five firms in the oligopoly. In an oligopolistic setup, the five-firm concentration ration should be greater than 50%.
Inerdependence of firms indicates the level to which other companies get impacted by changes made by any one company in the oligopoly. Interdependence of firms is an important trait of oligopoly.
In an oligopolistic market, the term "barriers to entry" is defined as the factors that prevent other companies from entering the oligopoly. For example, high-entry costs is a barrier to entry of newer firms into an existing oligopoly.
In a typical oligopoly situation, companies do not always compete on the pricing alone. This competion could extend to non-pricing factors as well, like advertising, product quality, celebrity endorsements etc.
Competition of firms in oligopoly is factored upon many parameters. it could depend on the individual company's objective - is it looking for more profits or more sales? Competion could also depend upon the existing barriers to entry of other, newer firms into the oligopoly. And finally, existing laws also play a big part in detrmining the competition among firms in oligopoly. Oligopoly, due to its inherent definition of "few large firms, commanding a huge market share" can actually produce a stable market, which is good for the consumer. Oligopoly can also lead to collusion and price-wars.
According to the Kinked Demand Curve Model, prices will be mostly stable as companies in the oligopoly will not gain much in case of price wars. So, these firms look for other way to compete among themselves, using non-pricing methodologies.
All firms in an oligopolistic market get impacted not only by their own actions, but by the actions of other firms as well. The game theory model tries to simulate the extent to which a firm may get impacted due to certain changes made by another firm in the oligopoly. It deals with how companies make decisions when they are mutually interdependent. Game theory has clearly changed the way economists deal with microeconomic and macroeconomic issues.
Placing an order for oligopoly homework help is as simple as sending us your requirements using the ORDER NOW form provided in this page, on the right. Just fill in your contact details, add any additional information and attached relevant reference documents, if any, and send it to us. We will review it and contact you right away. It is really that simple!
You can also email us all your details to email@example.com
Chat with us 24x7, right here, on our website and tell us exactly what you need and when. Get real time updates about your assigments we are working on. Share any relevant documentation. Tell us if you would like us to follow any particular referencing style. How many words do you need your research proposal (or thesis) to be?
Give us all this information and then leave the rest to us. You will be surprised how quickly we get back to you. We will keep you updated with progress and once done, we put it through our internal quality checks. After that, we will deliver it to you on the guaranteed delivery date.
We like to keep things simple and straight-forward. No complicated processes or extended wait times. No need to chase us for status updates - we will keep you updated on progress at every stage. No surprise delays or price-hikes. No putting up with rude and arrogant customer care executives. We are absolutely committed to delivering your completed oligopoly assignment on time.
Remember, you can also simply email your requirements and all your attachments to firstname.lastname@example.orgPlease note: Your information is handled with utmost confidentiality. We never sell or share any information provided by you under any circumstances*.
|Live Updates & Latest Information on Chinese Coronavirus nCoV-2019|
|Case Study Homework Help|
|Quality Function Deployment Homework Help|
|How to Get Admission in Australian Universities?|
|How to write a Reflective Essay|
|Google Core Competencies & SWOT Analysis|
|How to Write a Critical Analysis Essay?|
|Essay on Unemployment in Australia|
|Zara Case Study|
|Advantages of Greenhouse Effect|
|Disadvantages of Greenhouse Effect|
|Best Informative Speech Topics|
|Top Expository Essay Topics Updated 2018|
|Constructive Processing in Memory|
|How to write a good dissertation?|
|SWOT analysis of Coca Cola Case-study Help|
|Oligopoly Homework Help|
|24 Hours Homework Help|
|Benefits of Modern Education System|
|Advantages of Studying During Summer Holidays|
|Docker Homework Help|
|Topics for Research Proposal|
|Introduction to Matlab|
|Common Referencing Styles in Academic Writing|
|Hotel Management Homework Help|
|Organizational Development Assignment Help|
|Statistics Homework Help|
|Matlab Assignment Help|
|SPSS Homework Help|
|Solidworks Homework Help|
|Financial Accounting Homework Help|
|Economics Homework Help|
|Maths Homework Help|
|Perdisco Myob Assignment Help|
|Business Management Homework Help|
|Operations Management Homework Help|
|Financial Management Homework Help|
|Project Management Homework Help|
|Advantages and Disadvantages of Entrepreneurship|
|Global Business Homework Help|
|Electrical Engineering Homework Help|
|Java Programming Homework Help|
|Python Programming Homework Help|
|Database Management Homework Help|
|Human Resources Homework Help||Financial Accounting Homework Help||Nursing Assignment Help||Engineering Homework Help|
|Organizational Development Homework Help||Economics Homework Help||24 Hour Homework Help||Law Homework Help|
|C++ Assignment Help||Java Assignment Help||Electrical Engineering Homework Help||Mechanical Engineering Homework Help|
|Physics Assignment Help||Chemistry Assignment Writing Expert||CPM Math Homework Help||Biology Homework Help|
|Dissertation Assignments Help||Case Study Assignment Experts||Project Work Assignment Help||Probability Theory Homework Help|
|Matlab Homework Help||Business Writing Assignments||Solidworks Homework Help||Do My SPSS Homework|
|Humanities Assignment Help||IT/Computer Science Assignments Help||Psychology Homework Help||Perdisco Assignment Help|
|Marketing Assignment Help||History Assignment Expert||Statistics Homework Help||Business Management Assignment Help|
- Beth (Orlando, USA)
- Xavier (Ontario, Canada)
- Selena P (Melbourne, Australia)
|QUICK LINKS||MORE SERVICES||MORE SERVICES||COUNTRIES|
|Make a Payment||Hotel Management Homework Help||Information Security and Governance Assignment Help||USA|
|Terms and Conditions||Organizational Development Homework Help||Performance Leadership Homework Help||Canada|
|How Does It Work?||Business Information Systems Homework Help||Change Leadership Homework Help||United Kingdom|
|Refund Policy||Case Study Assignment Experts||Law Assignment Expert||Qatar|
|Current Job Openings||Business Management Assignment Help||Solidworks Homework Help||Singapore|
|About Us||Contemporary Legal Studies Homework Help||Intellectual Property Homework Help||Malaysia|
|Partner with us||Legal Framework Homework Help||International Trade Law Homework Help||Saudi Arabia|
|Corporate Social Responsibility||Tort Law Homework Help||Company Law Homework Help||South Africa|
|FAQs||Constitutional Law Homework Help||Employment Law Homework Help||Quebec|
|Place an order||Entrepreneurship Homework Help||Climate Law Homework Help||New Zealand|
|Send us an email||Case Study Homework Help on Copyright||Competition and Consumer Law Homework help||Europe|
|Call us in Australia & New Zealand||Managerial Accounting Homework Help||Economic Principles Homework Help||United Arab Emirates|
|Call us in USA, Canada & Rest of the World||Cost Accounting Homework Help||Case Study Homework Help||China|
|Database Management Homework Help||Python Programming Assignment help||Training and Development HR Assignment Help||South Korea|
|Data Mining Homework Help||Global Business Homework Help||Operations Management Homework Help||Japan|
|Biotechnology Homework Help||HR Case Study Homework Help||Business Strategy Homework Help|
|How to Get Admission in Australian Universities?||Dissertation Assignments||Matlab Programming Homework Help|
|Get back to our Homepage||Equity and Trusts Homework Help||Public International Law Homework Help|
|Administrative Law Homework Help Online||Global Trade and Markets Homework help|
|Strategic Human Resource Management Homework Help||Managing Organizational Behavior Homework Help|
|Chinese Economy Impact Economics Homework||Contracts Law Homework Help|
|Liberalism Perspective Law Assignment||Arts and Architecture Assignment Help|
|Contemporary Legal Studies Assignment Help||Lean Manufacturing Homework Help|
|Advantages of Greenhouse Effect||Disadvantages of Greenhouse Effect|
|Google Core Competencies & SWOT Analysis||DesignBuilder Simulation Help|
|AutoDesk Revit Homework Help||Aleks Chemistry Homework Help|
UrgentHomeworkHelp.Com is an Academic Writing Services Company based out of Australia, Canada and the United States with 24x7 operations worldwide.
|MORE HOMEWORK HELP TOPICS|
|Hotel Management||IT Security & Governance|
|Human Resource Management||Entrepreneurship|
|Organizational Development||Performance Leadership|
|Business Information Systems||Change Leadership|
|Case-Study Help||Law Assignment Expert|
|Business Management||Solidworks Homework Help|
|Contemporary Legal Studies||Intellectual Property|
|Legal Framework||International Trade Law|
|Tort Law||Company Law|
|Constitutional Law||Employment Law|
|Entrepreneurship Homework||Climate Law|
|Case-Study on Copyright||Competition and Consumer Law|
|Managerial Accounting||Economic Principles|
|Cost Accounting||Case-Study Homework Help|
|Python Programming||Training and Development HR|
|Global Business||Operations Management|
|Human Resources Case Study||Business Strategy|
|Dissertation Assignments||Matlab Programming|
|Equity and Trusts||Public International Law|
|Administrative Law||Global Trade and Markets|
|Strategic HR Management||Managing Organizational Behavior|
|Chinese Economy Impact||Contracts Law|
|Liberalism Perspective Law||Arts and Architecture|
|Contemporary Legal Studies||Lean Manufacturing|
|Advantages of Greenhouse Effect||Disadvantages of Greenhouse Effect|
|Google SWOT Analysis||DesignBuilder Simulation|
|AutoDesk Revit||Aleks Chemistry|
|Database Management||Data Mining|
|AutoDesk Revit||Aleks Chemistry|
|Refund Policy||How Does It Work?|
|Corporate Social Responsibility||Partner with us|
|Place an order||Make a Payment|
|New Zealand||Saudi Arabia|
|United Arab Emirates||Europe|