By: Alyssa Burnell
What is an Oligpoly?
How does it influence today's economy?
High Profits: little competition of highly demanded goods ensures steady high income
Simple Choices: easy to compare goods/services because they're few companies providing them
Competitive Prices: Companies keep prices in competition with the other companies involved in the market
Difficult to Start: Large/advanced companies control the market so it's hard for a small company to jump into the market
Less Choices: Limited options for the service/good wanted
Fixed Prices: Corporations and businesses agree together on a fixed price
Wireless Providers: AT&T, Sprint, Verizon, Virgin Mobile, etc.
Airline Companies: Delta, Spirit, United Airlines, American Airlines
Television Providers: Time Warner, Dish Network, DirectTV, Comcast