- Oligopoly has few sellers
- identical or similar products
- Sellers collude to fix prices
- Fixed prices
- Don't last long
This describes an oligopoly because it shows how two companies have different burgers but sell for the same price.
This shows how there are few companies in an oligopoly.
This image shows how there are only a few phone providers in the market.
What type of products does oligopoly companies sell?