Share This Article:

Economic Definition of realism oligopoly. Defined.

Offline Version: PDF

Term realism oligopoly Definition: Real world markets are heavily populated by oligopoly. About half of all output produced in the U.S. economy each year is done so by oligopoly firms. Other industrialized nations can make a similar claim. Oligopoly markets arise in a wide assortment different industries, ranging from manufacturing to retail trade to resource extraction to financial services.

 

« concentration oligopoly | oligopsony »

Permalink: http://glossary.econguru.com/economic-term/oligopoly,+realism

Alphabetical Reference to Over 2,000 Economic Terms