2006-11-13 09:33:51 · 7 answers · asked by Anonymous in Social Science ➔ Economics
If you can put this q. here, why haven't you the brain to put the word into a search engine/e-dictionary/e-encyclo and find out for yourself?
2006-11-13 09:40:25 · answer #1 · answered by migdalski 7 · 0⤊ 0⤋
Do you mean the mobile provider market? or the mobile phone market? I'll take it you mean the former (although to a great extent the latter is as well.)
1) The market is run be a few large sellers. (5 in the UK)
2) There are significant barriers to entry (and exit). In the UK you need a licence to use the mobile phone spectrum. The UK auctions for 3G cost the 5 companies £22.5 BILLION! (Which is a very significant barrier indeed!!)
2006-11-13 19:43:11 · answer #2 · answered by swirlyblue1 2 · 0⤊ 0⤋
Two features of an oligopolist market are:
Several large firms within the market who's actions affect each other.
Usually competition is "non-price" as the other firms will simply adjust their own prices in line with the leader. As a result, advertisement, product innovation etc. are the main types of promotion.
Hope to have been of help
2006-11-14 14:07:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The two characteristics would be the mobile phone mast & the transmitter.
2006-11-13 17:47:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Read scott adams.
few actors control the market. (oligo : few in latin)
Pole is fore sellers. Psone for buyers.
There is little competition on price, competition goes through quality and differenciation of products.
2006-11-14 09:16:13 · answer #5 · answered by Hermes 2 · 0⤊ 0⤋
1.A few major suppliers controlling the market
2.Selling price control strategy thereby preventing a price war
2006-11-13 17:53:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
do your own homework
2006-11-14 06:47:06 · answer #7 · answered by mr. me 3 · 0⤊ 0⤋