Why are the considered oligopoly's instead of monopoly's
2007-02-03 05:25:34 · 4 answers · asked by chris r 1 in Social Science ➔ Economics
Large Banks (Capitol One, Bank One, Citigroup, etc.,...)
Large Credit Agencies (Visa, Mastercard, Discover)
Large Media Networks (NBC, CBS, ABC, etc.,...)
Large Auto Manufacturers (Ford, GM, ect.,...)
Large Oil Companies (Shell, BP, Texaco, Exxon-Mobile, etc.,...)
Large Insurance Companies (Am-Fam, Prudential, etc.,...)
Large Telecommunication Companies (ATT, Sprint, Verizon, etc.)
Large Tech Manufacturers (Dell, HP, Microsoft, Adobe, Cisco, etc.,...)
They are oligopolies because they have control of and effect the market in the same way a single company controls a market with a monopoly - its the same thing end effect - just more than one company.
Non of these are TRUE oligopolies, because there ARE other players out there, however, they are called oligopolies because regardless of the existence of other players, the market effect is the same as if there was a true oligopoly.
2007-02-03 05:52:51 · answer #1 · answered by Justin 5 · 2⤊ 0⤋
Every part of the telecommunications industry.
A monopoly means that the power is controlled by one entity. An oligarchy means that power is controlled by a small group of entities.
2007-02-03 13:34:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The ruling clique of college graduates, who are no-talent, self-destructive, dishonest robots and zombies who got their jobs for no other reason than that they were willing to humiliate themselves by going four years without a job.
Enron was a sign of how this clique can't prop up the rich parasites who own this class. The rulers wanted puppets, they got dummies. They wanted mice, they got rats. They wanted worms, they got snakes. The worthless graduates they designated to rule for them will ruin them.
2007-02-03 13:43:52 · answer #3 · answered by Anonymous · 0⤊ 1⤋
airline manufacturers...i.e. boeing, lockheed-martin, airbus etc
2007-02-03 18:17:46 · answer #4 · answered by adroit 2 · 1⤊ 0⤋