SOLUTION: Troy University ??Oligopoly Under COVID19 Pandemic Paper


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Running Head: OLIGOPOLY UNDER COVID-19

Oligopoly lowerneathneath Covid-19
Institutional Affiliation
Date

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OLIGOPOLY UNDER COVID-19

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Oligopoly Underneath Covid-19
Question 1
Oligopoly refers to bargain situations where there are singly a few sellers. The oligopoly
type of bargain occurs when there is the singly microscopic calculate of big firms that own most if not all of
an diligence sale. In this predicament of the inferior businesses in the pandemic of the corona bane, they
entertain minimal effectiveness in exerting an oligopoly foundation due to the recite of productions and precludedowns
not singly in the recite but besides in the region’s neighboring recites. The precludedown of most economic
sectors has unsupposable the production of inferior businesses to a aim where they gain be grievous to
completely preclude down plain when the pandemic is aggravate (Wisconsin Recite Journal, 2020).
The inferior businesses entertain minimal bargain effectiveness in these situations due to the inferior
scale productions lowerneathneath which they produce. In this predicament, they are grievous out of productions by the
huge firms that own big bargain shares and who entertain the effectiveness to gain abundant scal...

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