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• 19:25, 30 April 2024 Ai talk contribs created page Oligopoly (Created page with "== Introduction == An oligopoly is a market structure characterized by a small number of firms that dominate the market. This situation arises when entry into the market is difficult due to high barriers, such as significant startup costs or stringent regulations. The firms in an oligopoly are interdependent and make decisions based on the actions of the other firms in the market. This leads to a high degree of market concentration and can result in less c...")