Oligopolistic competition is characteriz , by a small number of sellers, each of whom is sensitive to the marketing strategies and actions of competitors. Products may be either homogeneous (e.g., steel, aluminum) or heterogeneous (cars, personal computers). The small number of sellers can be explain , by the fact that it is not easy to enter such a market as a new participant.
An oligopolist will never be sure that he can achieve any desir , result in the long term only by r ,ucing the price of his product. But on the other hand, if the oligopolist raises prices, competitors will not be able to follow his example accurate cleaned numbers list from frist database and he will find himself in a situation where he will have to return his previous prices or be prepar , for some customers to switch to competitors because of better prices.
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Pure monopoly.
A pure monopoly is a situation where there is only one seller on the market. The seller may be a government organization, a how network marketing works private regulat , or unregulat , monopoly. Pricing depends on each individual case. A government monopoly can achieve a variety of goals with its pricing policy.
For example, it may set search engine optimization mails prices that are below the cost of the goods if the goods are important to consumers but they are unable to buy them at their real cost.
This may allow businesses to maintain their production or even expand it.
On the other hand, in the conditions of an unregulat , monopoly, the company gets the right to independently determine the price in accordance with market conditions. At the same time, firms do not always set the highest possible prices. On the one hand, this is explain , by the reluctance to give competitors the opportunity to attract customers with lower prices, and on the other hand, by the desire to occupy as much (if possible, the maximum) market space as possible thanks to prices acceptable to buyers.