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Topic: Business
Number of pages / Number of words: 2 / 342
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1. Fewer Sellers: A few firms are so large relative to the total market that they can affect the market price. This results in Mutual Interdependence where an action by one firm may cause a reaction on the part of other firms.

2. Either a homogenous or a differentiated product: Buyers may or may not be indifferent as to which seller's product they buy...


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1. Fewer Sellers: A few firms are so large relative to the total market that they can affect the market price. This results in Mutual Interdependence where an action by one firm may cause a reaction on the part of other firms.

2. Either a homogenous or a differentiated product: Buyers may or may not be indifferent as to which seller's product they buy...


Essay fragment

General points of the essay

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