Submitted by jendedios on April 8, 2008

• Category: Business
• Words: 486
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Oligopoly

Introduction
An oligopoly is a market in which there are only a few numbers of dominant participants that control a significant share of the total market sales. Since there are only a few competitors, modification in prices, marketing, and sales are immediately noticed by all key players. This market has unique traits that have a limited number of participants with a considerable amount of market power.
Firm in Oligopoly Market
The baby food industry carries the responsibility of providing nutritional food for all infants nationwide. For 60 years, the top three baby food producers are Gerber, Heinz, and Beech-Nut. The market leader for the US baby food industry is...

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